The Effects of Macroeconomic Indicators on Leveraged Forex Volume: Evidence from Turkey
In this study, the effects of macroeconomic indicators on leveraged forex volumes of financial intermediary institutions have been analyzed. The study covers the data for the period 2013Q1-2017Q2 of 16 financial intermediary institutions operating in Turkey. In the study in regards to macroeconomic...
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| Veröffentlicht in: | Istanbul Business Research 2019-11, Vol.48 (2), p.160-175 |
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| creator | Taraboğlu, Tuncay Turan Topaloğlu, Tuğba Nur Yaman, Serdar |
| description | In this study, the effects of macroeconomic indicators on leveraged forex volumes of financial intermediary institutions have been analyzed. The study covers the data for the period 2013Q1-2017Q2 of 16 financial intermediary institutions operating in Turkey. In the study in regards to macroeconomic indicators, BIST 100 Index revenues (BIST), consumer price index (CPI), consumer confidence index (CCI), average rate applied to deposits opened by banks (INT), gold prices (GOLD), money supply (M2), external trade export unit index (EUVI) and unemployment rate (UNEMP) have been used. In the study, the effects of macroeconomic indicators on leveraged forex volume have been examined through panel data analysis. As a result of the panel data analysis, it has been determined that the BIST, M2, EUVI and UNEMP variables have positive significant effects on leveraged forex volume and that the INT variable has negative significant effects on leveraged forex volume. In the study, the effects of CPI, CCI and GOLD variables on leveraged forex volume are statistically insignificant. |
| doi_str_mv | 10.26650/ibr.2019.48.0044 |
| format | Article |
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The study covers the data for the period 2013Q1-2017Q2 of 16 financial intermediary institutions operating in Turkey. In the study in regards to macroeconomic indicators, BIST 100 Index revenues (BIST), consumer price index (CPI), consumer confidence index (CCI), average rate applied to deposits opened by banks (INT), gold prices (GOLD), money supply (M2), external trade export unit index (EUVI) and unemployment rate (UNEMP) have been used. In the study, the effects of macroeconomic indicators on leveraged forex volume have been examined through panel data analysis. As a result of the panel data analysis, it has been determined that the BIST, M2, EUVI and UNEMP variables have positive significant effects on leveraged forex volume and that the INT variable has negative significant effects on leveraged forex volume. 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The study covers the data for the period 2013Q1-2017Q2 of 16 financial intermediary institutions operating in Turkey. In the study in regards to macroeconomic indicators, BIST 100 Index revenues (BIST), consumer price index (CPI), consumer confidence index (CCI), average rate applied to deposits opened by banks (INT), gold prices (GOLD), money supply (M2), external trade export unit index (EUVI) and unemployment rate (UNEMP) have been used. In the study, the effects of macroeconomic indicators on leveraged forex volume have been examined through panel data analysis. As a result of the panel data analysis, it has been determined that the BIST, M2, EUVI and UNEMP variables have positive significant effects on leveraged forex volume and that the INT variable has negative significant effects on leveraged forex volume. In the study, the effects of CPI, CCI and GOLD variables on leveraged forex volume are statistically insignificant.</abstract><cop>Istanbul</cop><pub>Istanbul University Press</pub><doi>10.26650/ibr.2019.48.0044</doi><tpages>16</tpages><oa>free_for_read</oa></addata></record> |
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| source | DOAJ Directory of Open Access Journals; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; EBSCOhost Business Source Complete |
| subjects | Data analysis Forex market Gold Leveraged forex volume Longitudinal studies Macroeconomic indicators Macroeconomics Panel data analysis |
| title | The Effects of Macroeconomic Indicators on Leveraged Forex Volume: Evidence from Turkey |
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