In this paper, we use Google Trends data to proxy macro fundamentals that are related to two conventional structural determination of exchange rate models: purchasing power parity model and the monetary exchange rate determination model. We assess forecasting performance of Google Trends based...

The literature has not settled down on safe haven property of gold in emerging and developing countries. Therefore, in this study, we revisit the international evidence on hedging and safe haven role of gold for 34 emerging and developing countries with a span of daily data covering January 2000...

We empirically investigate the effect of net external debt positions on the size of medium-term current account balances. We utilize an approach where net external debt positions dampen the widening of the current account balances. In a simple accounting framework, we find supportive evidence of...

In this paper, we contribute to the current literature on market disciplining of the sovereign governments of the developing countries by distinguishing both sides of the market discipline hypothesis by adopting three-stage least square estimation to incorporate the contemporaneous feedback...

This paper contributes to the current literature on market disciplining of the sovereign governments in two ways: Firstly, it distinguishes both sides of the market discipline hypothesis (MDH) by adopting 3SLS to incorporate the contemporaneous feedback effects between primary structural budget...