The market development of cryptocurrencies illustrates an institutional change how
payments can be released and received without the need of any intermediary or trusted …

This paper investigates calendar anomalies in the Turkish foreign exchange markets during
1986–1994 period. Changes in the free market and official daily exchange rates between …

This paper assesses the day of the week effect of the daily depreciation of the Turkish lira
(TL) against the US dollar (USD) and its volatility. The empirical evidence from Turkey …

We investigate the link between extreme events on the currency and stock markets for 26
countries by estimating a simultaneous equations probit model, using a sample of 2500 …

This paper investigates the month-of-the-year effect in the UK Brent crude oil market using
the GARCH (1, 5) and GJR-GARCH (1, 5) models in the light of Asian financial crisis and the …

Measured with intraday data in a 1987–1991 sample period, the mark/dollar exchange rate
was affected by unanticipated information about the trade deficit and the consumer price …

The anomalous patterns in foreign exchange markets have received relatively little attention
in the literature. This paper empirically investigates the Day-of-the-Week effect in the yen …

Significant day of the week patterns are shown to exist in the dollar/sterling market. These
patterns are associated with the returns to synthetic and actual forward trades as well as to …

Using probability distribution techniques, this article explores whether any differences exist
between the returns and volatility of yen/dollar spot markets in Tokyo, London and New …

The literature on exchange rates has evolved from an analysis of periodic patterns, scaling
or long-memory properties, to the modelling of intra-daily and daily exchange rate returns …