Bankacılık ve Finans Bölümü
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Browsing Bankacılık ve Finans Bölümü by Author "161529"
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Article Citation Count: Tunç, C., Solakoğlu, M.N., Babuşcu, Ş., Hazar, A. (2018). Exchange rate risk and international trade: The role of third country effect. Economics Letters, 167, 152-155. http://dx.doi.org/ 10.1016/j.econlet.2018.03.030Exchange rate risk and international trade: The role of third country effect(Elsevier Science S A, 2018) Tunç, Cengiz; Solakoğlu, Nihat; Babuşcu, Şenol; Hazar, Adalet; 265921; 161529; 117425; 219046Using the recently launched Exporter Dynamics Database of the World Bank, this paper empirically investigates the role of external exchange rate risk (third-country effect) on trade flows between countries. We find a strong positive influence of external exchange rate risk on exports to a specific destination. However, the effect is more observable in advanced destination countries, countries with low bilateral exchange rate volatility in comparison to external exchange rate volatility, and countries in which export is concentrated among a small number of firms.Article Citation Count: Tunç, Cengiz...et al (2020). "Exchange Rate Volatility and Trade: External Exchange Rate Volatility Matters", Journal of International Commerce, Economics and Policy, Vol. 11, No. 2.Exchange Rate Volatility and Trade: External Exchange Rate Volatility Matters(2020) Tunç, Cengiz; Babuşcu, Şenol; Hazar, Adalet; Solakoğlu, Mehmet Nihat; 161529We investigate the role of external exchange rate volatility in export in addition to the effect of bilateral exchange rate volatility using country-, sector-, and destination-specific detailed export data of the World Bank Exporter Dynamics Database. The results show that while the bilateral exchange rate volatility has a depressing effect on export, the external exchange rate volatility generates trade-promoting effect on export. However, the magnitude of the effect depends on trade intensity between countries. Furthermore, while the role of external exchange rate volatility diminished after the Global Financial Crisis, the effect of its volatility has become larger. Finally, external exchange rate volatility has a larger trade-promoting effect on export in the presence of high volatilities than the effect in the presence of low volatilities. © 2020 World Scientific Publishing Company.Article Citation Count: Babuşçu, S...et al. (2019). "Sector-level competition and export: Evidence from Exporter Dynamics Database", Journal of International Commerce, Economics and Policy, Vol. 10, No. 3.Sector-level competition and export: Evidence from Exporter Dynamics Database(2019) Babuşcu, Şenol; Hazar, A.; Solakoğlu, Mehmet Nihat; Tunç, C.; 161529We study the effect of sector-level competition on export by utilizing the Exporter Dynamics Database of the World Bank that provides sector-level competition measure along with destination-specific detailed export data. The results of the analysis show a nonlinear effect of sector-level competition on export. While at less competitive sectors, an increase in competition depresses export, at highly competitive sectors, an increase in competition generates a trade-promoting effect on export. The observed nonlinear effect is robust across sectors and countries. Therefore, productivity of peer firms could generate negative effect on a firm's export performance contrary to the usual positive effect of a firm's own productivity. © 2019 World Scientific Publishing Company.