Is there a price bubble in the exchange rates of the developing countries? The case of BRICS and Turkey

Purpose The last decades have experienced increasingly integrated global political and economic dynamics ranging especially from the influence of exchange rates trade amid other sources uncertainties. purpose this study is to examine rate Brazil, Russia, India, China, South Africa (BRICS) Republic Turkey. Design/methodology/approach Given perceived dynamics, current examined BRICS countries Turkey's by using United States (US) monthly dollar data between January 2002 August 2019. price bubble which expressed as exceeding real value assets' prices observably caused speculative movements investigated Supremum Augmented Dickey-Fuller (SADF) Generalized (GSADF) approaches. Findings Accordingly, GSADF test results opined that there are bubbles in except for Dollar (USD)/Indian Rupee (INR) rate. As related classified developing terms their structure, they also expectedly subject movements. Speculative may cause serious problems national economies. Originality/value Thus, provides a policy framework