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Markets as institutions
(Bilkent University, 1995)
This dissertation investigates resource allocation via institutions. A unifying framework for studying various kinds of institutional structures is provided. After the introductory Part 1, Part 2 presents the general ...
Rationality of inflation expectations in a financially repressed economy
(Bilkent University, 1990)
This study attempts to assess the quality of p u b l i c ’s expectations of inflation by investigating the dynamic interactions between money, prices, income and interest rates in Turkey. Four alternative hypotheses on ...
The Behavior of stock returns in Turkey: 1986-1988
(Bilkent University, 1989)
This study investigates distributional and time series behavior of common stock returns in Istanbul Stock Exchange (ISE) for the period 1986-1988. The distributions of weekly price returns deviate from normality with ...