Accordingly, we define the control variable ILLIQUIDITY as the average value of the logarithm of the sum of a constant and the ratio of absolute daily return by inflation adjusted daily trading volume (in millions of Turkish lira) during the trading-day window of [t − 61, t − 2] as...
Editor: Nikolaos Apergis Received: 15 April 2016; Accepted: 31 May 2016; Published: 1 July 2016 Abstract: In this study, we aim to investigate the impacts of credit default swaps (CDS) premium as a risk financial indicator on the fluctuations of value of the Turkish lira against the Euro...