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Journals / BDDK Bankacılık ve Finansal Piyasalar Dergisi / 2011 / Cilt: 5 - Sayı: 1

Vadeli döviz ticaretinin Türk döviz piyasasına etkileri

The effects of currency futures trading on Turkish currency market

Arif ODUNCU
Pages
97–109
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

First, the results suggest that the introduction of futures trading has decreased the volatility of Turkish currency market.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this article, the impact of the introduction of currency futures trading on the volatility of the underlying currency market for Turkey is studied.
📊
Key Findings & Data:First, the results suggest that the introduction of futures trading has decreased the volatility of Turkish currency market.
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Conclusion & Impact:Third, the asymmetric responses of volatility to the arrival of news have increased after the introduction of futures trading.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this article, the impact of the introduction of currency futures trading on the volatility of the underlying currency market for Turkey is studied. Analyzing the data, following results are obtained. First, the results suggest that the introduction of futures trading has decreased the volatility of Turkish currency market. Second, the results show that futures trading increases the speed at which information is impounded into spot market prices. Third, the asymmetric responses of volatility to the arrival of news have increased after the introduction of futures trading.

Özet

Bu makelede, Türkiye’de vadeli döviz ticareti işlemlerinin başlamasının döviz piyasasının oynaklığını nasıl etkilediği incelenmiştir. Yapılan analizler sonucunda aşağıdaki sonuçlar elde edilmiştir. Bir, vadeli döviz ticareti işlemlerinin başlaması döviz piyasasının oynaklığını azaltmıştır. İki, sonuçlar vadeli döviz ticaretinin, piyasadaki yeni haberlerin spot döviz piyasasına geçiş hızını artırdığını göstermektedir. Üç, vadeli döviz ticareti işlemlerinin başlaması, oynaklığın yeni haberlere verdiği asimetrik tepkileri yükseltmiştir.

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Cite This Article

ODUNCU, A. (2011). Vadeli döviz ticaretinin Türk döviz piyasasına etkileri. BDDK Bankacılık ve Finansal Piyasalar Dergisi, Cilt: 5 - Sayı: 1, 97–109. https://ajindex.com/articles/145762

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