Döviz Kuru ve Hisse Senedi Enerji Değişimlerinin Faz Düzlemleri Aracılığıyla İncelenmesi

Year 2015, Volume: 8 Issue: 2, 36 - 57, 20.12.2015

İstem Köymen Keser Keser

Abstract

senedi fiyatlarındaki enerji değişimlerini incelemeye odaklanmıştır. Ayrıca çok sayıda araştırmaya konu olmuş

olan bu iki değişken arasındaki ilişki ve yıllar boyunca birlikte bir değişim gösterip göstermedikleri de kriz

dönemleri ve ekonomik istikrarın olduğu dönemler için ayrı ayrı ve farklı bir bakış açısıyla ele alınıp

incelenmiştir. Kriz dönemleri olarak 1994, 1997 ve 2001 yılları ve ekonomik istikrarın olduğu dönemler olarak

da 2003-2006 yılları incelenmiştir. Ayrıca bugüne kadar yapılan çalışmalar ile ilgili detaylı bir literatür

taramasına yer verilmiştir. Çalışmada kriz dönemlerinde hisse senedi piyasasının ve ekonomik istikrarın olduğu

dönemlerde ise döviz kurunun daha hareketli olduğu, bir diğer deyişle enerji değişiminin daha fazla olduğu

görülmüştür. Ancak bu iki değişken arasında düzenli ve birbirini aynı veya ters yönlü takip eden bir ilişkiye

rastlanmamıştır.

Keywords

Faz düzlemi, fonksiyonel veri analizi, kinetik enerji, potansiyel enerji, döviz kuru, hisse senedi fiyatları

Investigating Energy Exchanges of Exchange Rates and Stock Prices via Phase Planes

Abstract

given that phase planes have important roles in functional data analysis. The relationship between these two

variables which has been the main scope of many previous research, with respect to whether they change

concordantly or discordantly during periods with and without economic crisis were also investigated from a

different point of view. Period with economic crisis were represented by 1994, 1997 and 2001 years, while

periods without economic crisis were represented by 2003-2006 years. Besides, previous studies performed in

this topic were investigated by a detailed literature review. In general, it was found out that energy exchange in

stock prices was more prominent during periods with crisis, whereas energy exchange in exchange rate was

more remarkable during periods without crisis. However, no definite positive or negative relationship between

these two variables was detected in the present study.

Keywords

Phase plane;, functional data analysis;, kinetic energy;, potential energy;, exchange rate;, stock prices

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