US monetary policy surprises and foreign interest rates: evidence from a set of MENA countries

buir.contributor.authorBerument, Hakan
dc.citation.epage133en_US
dc.citation.issueNumber2en_US
dc.citation.spage117en_US
dc.citation.volumeNumber4en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorCeylan, N. B.en_US
dc.date.accessioned2019-02-10T08:04:00Z
dc.date.available2019-02-10T08:04:00Z
dc.date.issued2008en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper assesses the response of a set of emerging markets' domestic interest rates to the US monetary policy surprises within a dynamic framework. Monthly data from Algeria, Bahrain, Israel, Jordan, Kuwait, Tunisia and Turkey for the 1989:03 to 2005:12 period reveal positive effects of the unanticipated Federal Funds target changes on the short-term interest rates of these countries. When we look at the effect of US monetary policy surprises for different Turkish interest rates, the evidence is robust for the 3 and 12-month rates, but government controlled interbank and treasury auction rates have reverse positions.en_US
dc.description.provenanceSubmitted by Zeynep Aykut (zeynepay@bilkent.edu.tr) on 2019-02-10T08:04:00Z No. of bitstreams: 1 US_monetary_policy_surprises_and_foreign_interest_rates_evidence_from_a_set_of_MENA_countries.pdf: 307056 bytes, checksum: e1d331b829e5dd7cfb04dfc7c86f6ad3 (MD5)en
dc.description.provenanceMade available in DSpace on 2019-02-10T08:04:00Z (GMT). No. of bitstreams: 1 US_monetary_policy_surprises_and_foreign_interest_rates_evidence_from_a_set_of_MENA_countries.pdf: 307056 bytes, checksum: e1d331b829e5dd7cfb04dfc7c86f6ad3 (MD5) Previous issue date: 2008en
dc.identifier.doi10.2202/1475-3693.1065en_US
dc.identifier.eissn1475-3693
dc.identifier.issn1475-3685
dc.identifier.urihttp://hdl.handle.net/11693/49176
dc.language.isoEnglishen_US
dc.publisherDe Gruyteren_US
dc.relation.isversionofhttps://doi.org/10.2202/1475-3693.1065en_US
dc.source.titleReview of Middle East Economics and Financeen_US
dc.subjectMENA countriesen_US
dc.subjectFederal funds rateen_US
dc.subjectMonetary policyen_US
dc.subjectVAR analysisen_US
dc.titleUS monetary policy surprises and foreign interest rates: evidence from a set of MENA countriesen_US
dc.typeArticleen_US

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