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An Empirical Investigation of Rational Bubbles in US Dollar-Turkish Lira Exchange Rate By Means of Currency Derivative Market
(Sosyal Bilimler Enstitüsü, 2023)This study aims to investigate whether USD/TRY exchange rate exhibits any rational ‘speculative’ bubble formations over the period 2001-2022. As a rational bubble in any asset price is defined as consistent deviations of ...