Browsing by Keywords "Financial market"
Now showing items 1-17 of 17
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Calendar anomalies in the Turkish foreign exchange markets
(Routledge, 2003)This paper investigates calendar anomalies in the Turkish foreign exchange markets during 1986-1994 period. Changes in the free market and official daily exchange rates between the Turkish lira (TL) and US dollar (USD) and ... -
Does foreign direct investment promote growth? Exploring the role of financial markets on linkages
(Elsevier BV, 2010)Do multinational companies generate positive externalities for the host country? The evidence so far is mixed varying from beneficial to detrimental effects of foreign direct investment (FDI) on growth, with many studies ... -
The effectiveness of foreign exchange interventions under a floating exchange rate regime for the Turkish economy: a post-crisis period analysis
(Routledge, 2006)The reported study has two purposes: first, it attempts to improve the literature on foreign exchange interventions of the central banks for the emerging market economies, an area not previously studied in detail. The ... -
FDI, productivity and financial development
(Wiley-Blackwell Publishing Ltd., 2009)This paper examines the effect of foreign direct investment (FDI) on growth by focusing on the complementarities between FDI inflows and financial markets. In our earlier work, we found that FDI is beneficial for growth ... -
The impact of inflation uncertainty on interest rates in the UK
(Wiley-Blackwell Publishing Ltd., 1999)This paper assesses the effect of expected inflation and inflation risk on interest rates within the Fisher hypothesis framework. Autoregressive Conditional Heteroscedastic models are used to estimate the conditional ... -
Intermediation spread, bank supervision, and financial stability
(World Scientific Publishing, 2010)This paper models the effect of bank competition and deposit insurance premiums on the spread between lending and deposit rates. In developing economies, low spreads do not always indicate bank efficiency; they may be the ... -
The missing link between inflation uncertainty and interest rates
(Wiley-Blackwell Publishing Ltd., 2005)In the literature, there is no consensus about the direction of the effects of inflation uncertainty on interest rates. This paper states that such a result may stem from differentiation in the sources of the uncertainties ... -
Mixed-integer second-order cone programming for lower hedging of American contingent claims in incomplete markets
(2013)We describe a challenging class of large mixed-integer second-order cone programming models which arise in computing the maximum price that a buyer is willing to disburse to acquire an American contingent claim in an ... -
Monetary transmission mechanism in Turkey under the monetary conditions index: an alternative policy rule
(Routledge, 2004)This study analyses monetary transmission mechanism in Turkey using a small structural macroeconomic model. The core equations of the model consist of aggregate demand, wage-price setting, uncovered interest rate parity, ... -
Money demand, the Cagan model, testing rational expectations vs adaptive expectations: the case of Turkey
(Springer, 1999)This paper estimates the Cagan type demand for money function for Turkish economy during the period 1986:1-1995:3 and tests whether Cagan's specification fits the Turkish data using an econometric technique assuming that ... -
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 ... -
Patterns of financial capital flows and accumulation in the post-1990 Turkish economy
(Routledge, 2003)The purpose of this paper is twofold: using time series econometrics, we first investigate the determinants of short-term foreign capital inflows for Turkey following its capital account liberalization in 1989. We next ... -
Potential information and target variables for UK monetary policy
(Routledge, 1998)The relationship between traditional monetary policy goal variables (nominal GDP, real GPD and the inflation rate) and a number of financial market variables is investigated. The question examined is which if any of these ... -
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. ... -
The technical inefficiency effects of Turkish banks after financial liberalization
(Wiley-Blackwell Publishing Ltd., 2005)The banking sector in Turkey has grown significantly over the last two decades of financial liberalization. One of the aims of the financial liberalization was to improve efficiency through restructuring programs including ... -
Time-varying long range dependence in market returns of FEAS members
(Elsevier, 2013)We study the time-varying efficiency of nineteen members of the Federation of Euro-Asian Stock Exchanges (FEAS - an international organization comprising the main stock exchanges in Eastern Europe, the Middle East and ... -
Total factor productivity and macroeconomic instability
(Routledge, 2011)Total factor productivity (TFP) is an important component of growth for most countries. This article assesses the role of macroeconomic instability on TFP growth. We consider volatility in inflation, openness of an economy ...
