Asymmetric Effects of Exchange Rate Fluctuations on Stock Market Transaction Value: A NARDL Approach
This study employs a Nonlinear Autoregressive Distributed Lag (NARDL) model to examine the asymmetric effects of exchange rate fluctuations on the value of transactions in the Tehran Stock Exchange. The data used in this research are quarterly observations spanning the period 2002 to 2024, collected from the Tehran Sto...