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Copyright of BES Journal: International Journal of Business & Economic Studies is the property of BES Journal - International Journal of Business & Economic Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Emerging Economies & Policy is the property of JOEEP: Journal of Emerging Economies & Policy and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Boğaziçi Journal: Review of Social, Economic & Administrative Studies is the property of Bogazici University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Low liquidity (illiquidity) of a market is considered to have important asset pricing implications such that the higher the transaction costs the lower will be the asset prices and higher the rates of return. This is due to an illiquid asset offering higher rate of return to compensate the investors for having liquidity cost. According to John Maynard Keynes, an asset is defined to be liquid when "it is more certainly realizable at short notice without loss". The major aim of this paper is to analyze the relationship between exchange rate volatility and volatility of stock market illiquidity for Borsa Istanbul. In this way the effects of external shocks and the exchange rate volatility as the risk indicator for an open economy will be investigated. Volatility of stock market illiquidity and exchange rate volatility are estimated by applying different approaches available in the relevant literature. Afterwards the relationship between these two variables is analyzed by using Moon and Yu approach. Based on empirical findings some policy recommendations are made for market players. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Finance Letters / Maliye Finans Yazıları Dergisi is the property of Maliye Finans Yazilari Yayimcilik Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Faculty of Political Science is the property of Journal of Faculty of Political Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Capital investment constitutes an important part of economic policies. In general it is accepted that the remedy of unemployment and low welfare is higher investment. Theoretically uncertainty is one of the factors that affect investment. Two opposite views claim that an increase in uncertainty could increase or decrease investment. As a consequence of globalization the importance of exchange rate and its uncertainty have increased. This study investigates the effect of nominal exchange rate uncertainty on capital investment in Turkey and finds that there is a reverse effect. As a consequence, floating exchange rate regimes that inflict more uncertainty may have an adverse effect on investment and growth. [ABSTRACT FROM AUTHOR]