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      • Graduate School of Economics and Social Sciences - Master's degree
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      • Bilkent Theses
      • Theses - Graduate School of Economics and Social Sciences
      • Graduate School of Economics and Social Sciences - Master's degree
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      The response of TL interbank rates to weekly money supply announcements within the framework of market efficiency

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      Author
      Bal, Yasemin
      Advisor
      Erol, Ümit
      Date
      1992
      Publisher
      Bilkent University
      Language
      English
      Type
      Thesis
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      Abstract
      THE RESPONSE OF TL INTERBANK RATES TO WEEKLY MONEY SUPPLY ANNOUNCEMENTS WITHIN THE FRAMEWORK OF MARKET EFFICIENCY In th is study,the effects of weekly money supply announcements on changes in TL interbank rates is tested in terms of market efficiency. As a result of the model tested, T urkish interbank market appeared to be an inefficient financiai market. During th is study, ARIMA based generated money suppiy survey data is used. Therefore a joint hypothesis, market efficiency and effectiveness of ARIMA based survey data, is tested. This leads to a weak rejection of market efficiency in TL interbank market.
      Keywords
      Money suppiy annoucements
      interbank rates
      anticipated component of money supply announcement
      unanticipated component of money supply announcement
      market efficiency hypothesis
      Permalink
      http://hdl.handle.net/11693/17415
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      • Graduate School of Economics and Social Sciences - Master's degree 152
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