Stock Price and Exchange Rate: The Case of Bist 100
Year: 2014
Type: article
Abstract: Variations in the exchange rates concern all parts of the economy.One of those concerned topics is stock (share) prices and stock market indexes. In the study, the long term relationship between exchange rates and Istanbul Stock Exchange is analyzed. According to application results, there is a significant relationship between exchange rates and BIST 100. This result is consistent with Turkey’s foreign currency composition. However, the direction of the effect of foreign currencies on BIST 100 gives mixed results. In other words, the effect of each foreign currency on the stock index may be different. As a result, the existence of both short term and long term significant relationships between foreign currency markets and securities exchanges can be stated.
Source: European Scientific Journal ESJ
Author: Hakan Altın
Institution: Aksaray University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1566464012