US monetary policy surprises and foreign interest rates: evidence from a set of MENA countries
buir.contributor.author | Berument, Hakan | |
dc.citation.epage | 133 | en_US |
dc.citation.issueNumber | 2 | en_US |
dc.citation.spage | 117 | en_US |
dc.citation.volumeNumber | 4 | en_US |
dc.contributor.author | Berument, Hakan | en_US |
dc.contributor.author | Ceylan, N. B. | en_US |
dc.date.accessioned | 2019-02-10T08:04:00Z | |
dc.date.available | 2019-02-10T08:04:00Z | |
dc.date.issued | 2008 | en_US |
dc.department | Department of Economics | en_US |
dc.description.abstract | This 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.provenance | Submitted 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.provenance | Made 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: 2008 | en |
dc.identifier.doi | 10.2202/1475-3693.1065 | en_US |
dc.identifier.eissn | 1475-3693 | |
dc.identifier.issn | 1475-3685 | |
dc.identifier.uri | http://hdl.handle.net/11693/49176 | |
dc.language.iso | English | en_US |
dc.publisher | De Gruyter | en_US |
dc.relation.isversionof | https://doi.org/10.2202/1475-3693.1065 | en_US |
dc.source.title | Review of Middle East Economics and Finance | en_US |
dc.subject | MENA countries | en_US |
dc.subject | Federal funds rate | en_US |
dc.subject | Monetary policy | en_US |
dc.subject | VAR analysis | en_US |
dc.title | US monetary policy surprises and foreign interest rates: evidence from a set of MENA countries | en_US |
dc.type | Article | en_US |