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dc.contributor.authorDinçer, Hasan
dc.contributor.authorHacıoğlu, Ümit
dc.contributor.authorYüksel, Serhat
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.
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.en_US
dc.publisherIGI Globalen_US
dc.subjectMARS Methoden_US
dc.subjectGlobal Economyen_US
dc.subjectDecision Makingen_US
dc.titleDetermining influencing factors of currency exchange rate for decision making in global economy using MARS methoden_US
dc.relation.journalGeopolitics and Strategic Management in the Global Economyen_US
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Uluslararası Ticaret ve Finansman Bölümüen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US

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