ANALYZING THE EFFECTS OF INSTANT ELECTRICITY IMPORTS/EXPORTS ON ₺/$ EXCHANGE RATE RISK WITH CHAOS DATA

Nizamettin Başaran

Makale detayları

ANALYZING THE EFFECTS OF INSTANT ELECTRICITY IMPORTS/EXPORTS ON ₺/$ EXCHANGE RATE RISK WITH CHAOS DATA

Yazarlar:

Nizamettin Başaran

Yayıncı:

Pamukkale University

Ana Başlıklar:

Finans

Dergi:

Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 63, pp.207-221

Belge Tipi:

Makale

Yayın Tarihi:

7/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001323584

pISSN:

1308-2922

Anahtar kelimeler:

Özet:

 Since electricity cannot be stored, it is supplied instantaneously when needed. As electricity cannot be stored, it becomes necessary to supply it from international electricity grids in order to respond to sudden increases in demand. Depending on this optimization problem, countries import and export electricity instantaneously. In this study, we investigate whether instantaneous electricity exports or imports affect the exchange rate  and thus the exchange rate risk in Turkish markets. In order to determine this, a research dataset consisting of hourly electricity export and import data on a Mwh basis and  exchange rate data from EPİAŞ Transparency Platform for the period 2015-2023 has been created. According to the findings of the study, irregularities in the electricity foreign trade balance do not affect exchange rates with a constant algorithm for all periods. In periods of deficit in electricity foreign trade, increases in irregularities in electricity foreign trade negatively affect exchange rates and increase exchange rate risks across the country. In periods when the electricity foreign trade balance is in surplus, irregularities in electricity foreign trade do not have a significant effect on exchange rates and do not affect exchange rate risk.

 Since electricity cannot be stored, it is supplied instantaneously when needed. As electricity cannot be stored, it becomes necessary to supply it from international electricity grids in order to respond to sudden increases in demand. Depending on this optimization problem, countries import and export electricity instantaneously. In this study, we investigate whether instantaneous electricity exports or imports affect the exchange rate  and thus the exchange rate risk in Turkish markets. In order to determine this, a research dataset consisting of hourly electricity export and import data on a Mwh basis and  exchange rate data from EPİAŞ Transparency Platform for the period 2015-2023 has been created. According to the findings of the study, irregularities in the electricity foreign trade balance do not affect exchange rates with a constant algorithm for all periods. In periods of deficit in electricity foreign trade, increases in irregularities in electricity foreign trade negatively affect exchange rates and increase exchange rate risks across the country. In periods when the electricity foreign trade balance is in surplus, irregularities in electricity foreign trade do not have a significant effect on exchange rates and do not affect exchange rate risk.

 Since electricity cannot be stored, it is supplied instantaneously when needed. As electricity cannot be stored, it becomes necessary to supply it from international electricity grids in order to respond to sudden increases in demand. Depending on this optimization problem, countries import and export electricity instantaneously. In this study, we investigate whether instantaneous electricity exports or imports affect the exchange rate  and thus the exchange rate risk in Turkish markets. In order to determine this, a research dataset consisting of hourly electricity export and import data on a Mwh basis and  exchange rate data from EPİAŞ Transparency Platform for the period 2015-2023 has been created. According to the findings of the study, irregularities in the electricity foreign trade balance do not affect exchange rates with a constant algorithm for all periods. In periods of deficit in electricity foreign trade, increases in irregularities in electricity foreign trade negatively affect exchange rates and increase exchange rate risks across the country. In periods when the electricity foreign trade balance is in surplus, irregularities in electricity foreign trade do not have a significant effect on exchange rates and do not affect exchange rate risk.

 Elektrik enerjisi depolanamaması sebebiyle ihtiyaç duyulduğunda anlık olarak tedarik edilmektedir. Elektriğin depolanamamasına bağlı olarak ani talep artışlarına cevap verebilmek için uluslararası elektrik şebekelerinden tedariki zorunlu hale gelmektedir. Ortaya çıkan bu optimizasyon problemine bağlı olarak ülkeler anlık elektrik ithalatı ve ihracatı yapmaktadırlar. Bu çalışmada anlık olarak gerçekleştirilen elektrik ihracatı veya ithalatının döviz kurunu  dolayısıyla da Türkiye piyasalarında kur riskini etkileyip etkilemediği araştırılacaktır. Bunu tespit edebilmek amacı ile EPİAŞ Şeffaflık Platformundan 2015-2023 dönemleri arası Mwh bazında saatlik elektrik ihracat ve ithalat verileri ile  döviz kuru verilerinden oluşan bir araştırma veri seti oluşturulmuştur. Araştırmadan elde edilen bulgulara göre; elektrik dış ticaret dengesindeki düzensizlikler tüm dönemler için sabit bir algoritma ile döviz kurlarını etkilememektedir. Elektrik dış ticaretinin açık verdiği dönemlerde elektrik dış ticaretindeki düzensizlik artışları döviz kurlarını olumsuz etkilediği için ülke genelinde kur risklerini arttırmaktadır. Elektrik dış ticaret dengesinin fazla verdiği dönemlerde elektrik dış ticaretinde yaşanan düzensizlikler döviz kurları üzerinde önemli bir etkiye sahip değildir ve kur riskini etkilememektedir.

Makale detayları

ANALYZING THE EFFECTS OF INSTANT ELECTRICITY IMPORTS/EXPORTS ON ₺/$ EXCHANGE RATE RISK WITH CHAOS DATA

Yazarlar:

Nizamettin Başaran

Yayıncı:

Pamukkale University

Ana Başlıklar:

Finans

Dergi:

Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 63, pp.207-221

Belge Tipi:

Makale

Yayın Tarihi:

7/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001323584

pISSN:

1308-2922

Instantaneous Electricity Imports and Exports

Exchange Rate Risk

ChaosAnlık Elektrik İthalat ve İhracatı

Kur Riski

Kaos

Sayı

Makale detayları

ANALYZING THE EFFECTS OF INSTANT ELECTRICITY IMPORTS/EXPORTS ON ₺/$ EXCHANGE RATE RISK WITH CHAOS DATA

Yazarlar: Nizamettin Başaran

Yayıncı: Pamukkale University

Ana Başlıklar: Finans

Dergi: Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 63, pp.207-221

Belge Tipi: Makale

Yayın Tarihi: 7/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001323584

pISSN: 1308-2922

Instantaneous Electricity Imports and Exports

Exchange Rate Risk

ChaosAnlık Elektrik İthalat ve İhracatı

Kur Riski

Kaos

Sayı

Yazarlar:

Nizamettin Başaran

Yayıncı:

Pamukkale University

Ana Başlıklar:

Finans

Dergi:

Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 63, pp.207-221

Belge Tipi:

Makale

Yayın Tarihi:

7/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001323584

pISSN:

1308-2922