Measuring the impact of monetary policy on asset prices in Turkey
Date
2012
Authors
Duran, M.
Özcan G.
Özlü P.
Ünalmiş, D.
Editor(s)
Advisor
Supervisor
Co-Advisor
Co-Supervisor
Instructor
Source Title
Economics Letters
Print ISSN
1651765
Electronic ISSN
Publisher
Volume
114
Issue
1
Pages
29 - 31
Language
English
Type
Journal Title
Journal ISSN
Volume Title
Series
Abstract
Little is known about the impact of monetary policy on asset prices in emerging markets. This study applies the heteroscedasticity-based GMM for financial markets in Turkey. The results suggest that event study estimates are biased for some asset returns. © 2011 Elsevier B.V.