Daily Tourist Arrivals, Exchange Rates and Volatility for Korea and Taiwan

Seasonality in Tourism and Forecasting Foreign Tourist Arrivals in India

In the present age of globalization, technology-revolution and sustainable development, the presence of seasonality in tourist arrivals is considered as a key policy issue that affects the global tourism industry by creating instability in the demand and revenues. The seasonal component in a time-series distorts the prediction attempts for policy-making. In this context, it is quintessential to...

Dynamic Linkages between Exchange Rates and Stock Prices: Evidence from Iran and South Korea

  The main purpose of present study is to analyze the relationship between stock and exchange markets in two Asian countries, Iran and South Korea. A monthly time series of stock price and exchange rate are used over the period 2002: 05 - 2012: 03. The data is collected from the Central Bank of each country and WDI. The calculated stock return and real exchange rate change are used in analysis....

Welfare and excess volatility of exchange rates

Volatility in Foreign Exchange Rates

Four foreign exchange spot rate series, recorded on an hourly basis for a six-month period in 1986 are examined. A seasonal GARCH model is developed to describe the time-dependent volatility apparent in the percentage nominal return of each currency. Hourly patterns in volatility are found to be remarkably similar across currencies and appear to be related to the opening and closing of the worl...

Forecasting tourist arrivals to Turkey

Modeling and forecasting techniques of the tourist arrivals are many and diverse. Th ere is no unique model that exactly outperforms the other models in every situation. Actually a few studies have realized modeling and forecasting the tourist arrivals to Turkey and these studies have not focused on the total tourist arrivals. Th ese studies have focused on the tourist arrivals to Turkey countr...