Gelişmiş Arama

Basit öğe kaydını göster

dc.contributor.authorÖzdemir, Onur
dc.date.accessioned2021-08-29T10:34:26Z
dc.date.available2021-08-29T10:34:26Z
dc.date.issued2020en_US
dc.identifier.issn2718-1065
dc.identifier.urihttps://hdl.handle.net/11363/2909
dc.description.abstractThis paper investigates the presence of explosive bubbles in financial markets using daily data (5-day weeks) of the closing rate of EUR/USD exchange in the COVID-19 outbreak, covering the period from December 2, 2019 to December 4, 2020. The bubble behavior in the closing rate of EUR/USD exchange is measured by two distinct right-tailed testing procedures. In this vein, the Supremum Augmented Dickey-Fuller (SADF) test developed by Phillips et al. (2011) and the Generalized Supremum Augmented Dickey-Fuller (GSADF) test developed by Phillips et al. (2015) are used to identify multiple bubble periods. The empirical findings imply that positive bubbles are a common feature of the closing rate of EUR/USD exchange in the COVID-19 outbreak. As a critical year, 2020 is identified to point out the importance of explosive bubble behavior, after which estimated statistics by two types of unit-root test procedures provide evidence of ongoing financial instability.en_US
dc.language.isoengen_US
dc.publisherİstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Pressen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectExchange Rateen_US
dc.subjectBubble Behavioren_US
dc.subjectFinancial Instabilityen_US
dc.subjectCOVID-19en_US
dc.subjectRight-Tailed Testen_US
dc.titleTesting Explosive Bubble for Eurozone Exchange Rate in the COVID-19 Outbreak: Evidence from Recursive Right-Tailed Testsen_US
dc.typearticleen_US
dc.relation.ispartofJournal of Sustainable Economics and Management Studiesen_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.authoridhttps://orcid.org/0000-0002-3804-0062en_US
dc.identifier.volume1en_US
dc.identifier.issue1en_US
dc.identifier.startpage32en_US
dc.identifier.endpage45en_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.contributor.institutionauthorÖzdemir, Onur


Bu öğenin dosyaları:

Thumbnail

Bu öğe aşağıdaki koleksiyon(lar)da görünmektedir.

Basit öğe kaydını göster

info:eu-repo/semantics/openAccess
Aksi belirtilmediği sürece bu öğenin lisansı: info:eu-repo/semantics/openAccess