Determining influencing factors of currency exchange rate for decision making in global economy using MARS method

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dc.authorid0000-0002-8072-031X
dc.authorid0000-0002-0068-0048
dc.authorid0000-0002-9858-1266
dc.contributor.authorDinçer, Hasan
dc.contributor.authorHacıoğlu, Ümit
dc.contributor.authorYüksel, Serhat
dc.date.accessioned10.07.201910:49:13
dc.date.accessioned2019-07-10T19:38:16Z
dc.date.available10.07.201910:49:14
dc.date.available2019-07-10T19:38:16Z
dc.date.issued2017
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Uluslararası Ticaret ve Finansman Bölümü
dc.description.abstractThe aim of this study is to identify the determinants of US Dollar/Turkish Lira currency exchange rate for strategic decision making in the global economy. Within this scope, quarterly data for the period between 1988:1 and 2016:2 was used in this study. In addition to this aspect, 10 explanatory variables were considered in order to determine the leading indicators of US Dollar/Turkish Lira currency exchange rate. Moreover, Multivariate Adaptive Regression Splines (MARS) method was used so as to achieve this objective. According to the results of this analysis, it was defined that two different variables affect this exchange rate in Turkey. First of all, it was identified that there is a negative relationship between current account balance and the value of US Dollar/Turkish Lira currency exchange rate. This result shows that in case of current account deficit problem, Turkish Lira experiences depreciation. Furthermore, it was also concluded that when there is an economic growth in Turkey, Turkish Lira increases in comparison with US Dollar. While taking into the consideration of these results, it could be generalized that emerging economies such as Turkey have to decrease current account deficit and investors should focus on higher economic growth in order to prevent the depreciation of the money in the strategic investment decision.
dc.identifier.citationDinçer, H., Hacıoğlu, Ü. ve Yüksel, S. (2017). Determining influencing factors of currency exchange rate for decision making in global economy using MARS method. Geopolitics and Strategic Management in the Global Economy içinde (261-273. ss.). IGI Global. https://dx.doi.org/10.4018/978-1-5225-2673-5.ch0013
dc.identifier.doi10.4018/978-1-5225-2673-5.ch0013
dc.identifier.endpage273
dc.identifier.isbn9781522526742
dc.identifier.isbn1522526730en_US
dc.identifier.isbn9781522526735en_US
dc.identifier.scopusqualityN/A
dc.identifier.startpage261
dc.identifier.urihttps://hdl.handle.net/20.500.12511/1564
dc.identifier.urihttps://dx.doi.org/10.4018/978-1-5225-2673-5.ch0013
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherIGI Global
dc.relation.ispartofGeopolitics and Strategic Management in the Global Economyen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectMARS Method
dc.subjectGlobal Economy
dc.subjectDecision Making
dc.titleDetermining influencing factors of currency exchange rate for decision making in global economy using MARS method
dc.typeBook Chapter

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