Asymmetric impacts of global risk appeti
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Δ°brahim Burak KanlΔ±
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Article
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2008
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Elsevier Science
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English
β 373 KB
This paper analyzes the impact of global risk appetite on the risk premium utilizing high-frequency data. Taking the Turkish economy as our laboratory, we find that the risk premium volatility responds only to a worsening in the risk appetite for the Turkish economy, which is a result that we do not