Browsing by Keywords "Financial crisis"
Now showing items 1-13 of 13
-
An alternative look at balance-of-payments puzzle : structural decomposition of accounts of 16 emerging markets
(Bilkent University, 2006)The empricial evidence on pro-growth effect of capital account liberalization is inconclusive. I argue that, after liberalization, the link between structural finance needs of developing countries and debt flows lost its ... -
Downside risk in Dow Jones Islamic equity indices: Precious metals and portfolio diversification before and after the COVID-19 bear market
(Elsevier, 2021-07-31)Besides great turmoil in financial markets, the COVID-19 pandemic also disrupted the global supply chain, putting the precious metal market into great uncertainty. In this study, we revisit the diversifying role of precious ... -
Financial crisis and changes in determinants of risk and return: an empirical investigation of an emerging market (ISE)
(Multinational Finance Society, 1999)This paper examines how determinants of volatility and stock returns change with financial crisis. The contributions of the paper are twofold. First, using a GARCH-M framework, risk and return are jointly modeled by using ... -
Foreign banks, financial crises and macroeconomic fluctuations
(Blackwell Publishing Ltd, 2016)Understanding the implications of increased foreign bank presence is especially compelling in periods of financial crisis. In this paper, we explore this issue by examining the relationship between the involvement of foreign ... -
Hegemony and crisis in global political economy: the importance of legitimacy
(T.C. Dışişleri Bakanlığı Stratejik Araştırmalar Merkezi, 2013)This study examines the importance of legitimacy in hegemony through the changes and continuities in the structures of global political economy. It is argued that a statecentric approach to hegemony is insufficient, and ... -
Is gold a hedge or a safe-haven asset in the COVID–19 crisis?
(Elsevier BV, 2021-09)This study examines the role of gold as a hedge or safe-haven asset in different phases of the COVID-19 pandemic crisis, corresponding to the timing of fiscal and monetary stimuli to support the weakened economy. Using ... -
Macroeconomics and the term structure
(American Economic Association, 2012)This paper provides an overview of the analysis of the term structure of interest rates with a special emphasis on recent developments at the intersection of macroeconomics and finance. The topic is important to investors ... -
The minimal conditions for a financial crisis: a multiregional intertemporal CGE model of the Asian crisis
(Pergamon Press, 2000)The globalization of world capitalism constrains the ability of the developmental state to pursue an independent industrialization and foreign trade strategy. We use an intertemporal, multiregion CGE model, to study the ... -
Optimal versus adequate level of international reserves: evidence for Turkey
(Routledge, 2005)The determination of international reserve balance for emerging economies is part of the efforts to strengthen the immunity of these economies to crises. However, there is still evidence on crises even for the countries ... -
Regulatory changes and long-run relationships of the EMU sovereign debt markets: implications for future policy framework
(Elsevier, 2020)We estimate the time-varying long-run correlations of European sovereign bond markets to identify specific effects that are attributed to changing European regulatory and political dynamics over the last twenty years. Our ... -
Relationship between financial crisis and foreign direct investment in developing countries using semiparametric regression approach
(Taylor & Francis, 2010)This paper analyzes whether and to what extent the inflow of FDI is affected before and after the occurence of a financial crisis in developing countries. The paper uses a semiparametric Generalized Partial Linear Models ... -
The sign switch effect of macroeconomic news in foreign exchange markets
(Elsevier Ltd, 2016)We examine an unusual episode in the behavior of the euro, pound and yen exchange rate markets when the dollar appreciated (depreciated) against the three major currencies, in response to unfavorable (favorable) US growth ... -
Sources of volatility in stock returns in emerging markets
(Routledge, 2005)In this study, the short-term fluctuations in the monthly returns on composite indexes of 17 emerging markets affected by the financial crises in the late 1990s and 2000 are decomposed with vector autoregressive estimates. ...
