Option prices seem to behave in ways inconsistent with the Black-Scholes model. Implied volatility varies with the … strike price in a parabolic shape that is often called the volatility 'smile.' My objective in this paper is to identify … promising in explaining the volatility smile. Applying this to the ERM data, I find that the probability of a devaluation in the …

premium change among the drivers of EUR/TL exchange rate and what are the possible effects of CDS premium volatility on EUR …

Here is estimated the effect of monetary union and the exchange rate volatility on trade. First of all, Frankel and … volatility on trade. The model is "augmented" in that the standard gravity model only includes income and distance variables. The …

of exchange rate volatility on exports from Turkey. To achieve this purpose, various approaches were employed previously …This paper empirically investigates the impact of exchange rate volatility, export prices and weighed GDP of most of … the trading partners of Turkey on aggregate exports for the period from 2003:2 to 2010:12. The primary focus is the impact …

volatility across emerging markets today is still significantly larger than a decade ago. …