期刊名称：Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
印刷版ISSN：1301-3688
电子版ISSN：2630-6409
出版年度：2019
期号：54
页码：447-460
语种：English
出版社：Erciyes University
摘要：The volatility in financial markets and the sharp increases in asset prices cause bubbles.In today's global financial order,due to the fact that financial assets stand out from day to day,they cause excessive swelling in the prices of financial assets and force the real economy.On the other hand,the explosion of bubbles formed by financial assets with excessive swelling prices is threatening the economic stability.In this context,the analysis and determination of the presence of bubbles in the foreign exchange markets,which are the reflection of daily fluctuations in the financial markets,becomes more important.In this study,with reference to USD / TRY and EUR / TRY exchange rates,it has been investigated whether there is the bubble in Turkish Exchange Market for the period of 2005:01-2018:11.To do this,Generalized SADF (GSADF) test were used to determine the bubbles.The results show that there is strong empirical evidence in support of speculative bubbles occur in USD / TL and EURO / TL exchange rates in the Turkish Foreign Exchange Market.
其他摘要：Varlık fiyatlarındaki keskin artışların finansal piyasalarda oluşturduğu balonlar büyük ölçüde volatiliteden kaynaklanmaktadır.Günümüz küresel finans düzeninde,finansal varlıkların günden güne ön plana çıkması finansal varlıklıkların fiyatlarında aşırı şi
