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dc.contributor.authorBerument, H.en_US
dc.contributor.authorCeylan, N. B.en_US
dc.contributor.authorOlgun, H.en_US
dc.date.accessioned2019-02-10T11:10:29Z
dc.date.available2019-02-10T11:10:29Z
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/11693/49178
dc.description.abstractThis paper puts forward the thesis that neither the changes in FED Funds anticipated target rate nor the FED Funds unanticipated target changes can be expected to affect the financial indicators of all emerging markets. The paper supports this thesis using the original framework developed by Kuttner (2001) for Turkey. Its basic argument is that FED’s decisions become relevant for an emerging market only after it becomes sufficiently open both on the capital and current account, has established the prerequisite institutional framework, its financial markets have been sufficiently developed and has established economic and political stability. Moreover, the paper shows that the unanticipated component of the FOMC decisions affect the financial indicators more than the anticipated component.en_US
dc.language.isoEnglishen_US
dc.source.titleInternational Research Journal of Finance and Economicsen_US
dc.subjectEmerging marketsen_US
dc.subjectFED funds rateen_US
dc.subjectMonetary policyen_US
dc.titleThe effects of changes in the anticipated and unanticipated fed funds target rate on financial indicators: the case of an emerging market country-Turkeyen_US
dc.typeArticleen_US
dc.departmentDepartment of Economicsen_US
dc.citation.spage40en_US
dc.citation.epage47en_US
dc.citation.issueNumber7en_US
dc.publisherEuropean Journals Inc.en_US
dc.identifier.eissn1450-2887


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