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dc.contributor.authorAktaş, Z.en_US
dc.contributor.authorAlp, H.en_US
dc.contributor.authorGürkaynak, R.en_US
dc.contributor.authorKesriyeli, M.en_US
dc.contributor.authorOrak, M.en_US
dc.date.accessioned2019-02-10T07:52:04Z
dc.date.available2019-02-10T07:52:04Z
dc.date.issued2009en_US
dc.identifier.issn1300-610X
dc.identifier.urihttp://hdl.handle.net/11693/49175
dc.description.abstractIn this paper the effects of Central Bank of Turkey's interest rate decisions on relatively longer-term interest rates in financial markets and risk premia as well as on returns of the ISE-100, ISE-Financial indexes and exchange rates are studied by separating the anticipated component of monetary policy from that unexpected by financial markets. The results show that policy rate changes have significant effects on financial markets, especially on bond yields. Equity returns are not significantly driven by monetary policy surprises, whereas the responses of exchange rates are small. Thus, it appears that the transmission of monetary policy in Turkey is mainly through its effects on longer-term interest rates.en_US
dc.language.isoEnglishen_US
dc.source.titleİktisat İşletme ve Finansen_US
dc.relation.isversionofhttps://doi.org/10.3848/iif.2009.278.6047en_US
dc.subjectMonetary policyen_US
dc.subjectPolicy surpriseen_US
dc.subjectFinancial marketsen_US
dc.titleTürkiye'de para politikasının aktarımı: para politikasının mali piyasalara etkisien_US
dc.typeArticleen_US
dc.departmentDepartment of Economicsen_US
dc.citation.spage9en_US
dc.citation.epage24en_US
dc.citation.volumeNumber24en_US
dc.citation.issueNumber278en_US
dc.identifier.doi10.3848/iif.2009.278.6047en_US
dc.publisherBİLGESEL Yayıncılık San. ve Tic. Ltd. Şti.en_US
dc.identifier.eissn1308-4658


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