Döviz Piyasalarında Etkinlik ve Beklentiler Kavramları Üzerine Bir İnceleme

Year 2016, Volume: 3 Issue: 2, 1 - 18, 23.07.2016

Giray Gözgör

Abstract

Bu çalışmanın amacı, döviz piyasalarında etkinlik ve beklentiler kavramlarına yönelik tanımlamaları gözden geçirmek ve elde edilen ampirik bulgular üzerine bir literatür taraması sunmaktır. Çalışmada, döviz piyasalarında etkinlik ölçütlerinden başlayarak beklentiler kavramı ele alınmış ve ilgili tanımlamalara ait ampirik bulguları ele alan literatür özellikle gelişmiş ülkeler bakımından incelenmiştir. Bu bağlamda ele alınan hipotezler ampirik olarak birbirinden farklı birçok ekonometrik ve istatistiki yöntemler ile test edilebileceğinden, bu çalışmanın uluslararası iktisat ve uluslararası finans literatüründe ilgili konular ile ilgilenen araştırmacılara fayda sağlayabileceği düşünülmektedir.

Keywords

Döviz Piyasaları, Etkinlik, Beklentiler, Literatür Taraması, Gelişmiş Ülkeler

A Review on the Concepts of Efficiency and Expectations in Exchange Rate Markets

Abstract

This paper aims to overview the definitions of efficiency and expectations in exchange rate markets and to present a literature review on the empirical findings. For this purpose, the paper starts from the efficiency measures in exchange rate markets and briefly examines the basic concepts in general and overviews the empirical findings for advanced economies in particular. In this context, this paper provides a comparative analysis to researchers, who are interested in the related subjects in international economics and international finance.

Keywords

Exchange Rate Markets, Efficiency, Expectations, Literature Review, Developed Countries

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