İlhan, Ali; Akdeniz, Coşkun; Özdemir, Metin - In: Organizations and markets in emerging economies 13 (2022) 1/25, pp. 238-259
This study analyzes the dynamics of exchange market pressure in Turkey by employing the Markov regime switching model … market, characterized as low- and high-pressure periods. The domination of the high-pressure regime in the sample period … indicates that depreciation pressure prevails in the Turkish foreign exchange market. During this regime, the pressure is …