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Persistent link: https://www.econbiz.de/10011720278
In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey. According to the efficient markets hypothesis, financial markets respond to anticipated policy actions prior to a policy announcement. As a result, they are expected to respond only...
Persistent link: https://www.econbiz.de/10010277263
In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey. According to the efficient markets hypothesis, financial markets respond to anticipated policy actions prior to a policy announcement. As a result, they are expected to respond only...
Persistent link: https://www.econbiz.de/10008669968
Persistent link: https://www.econbiz.de/10012815617
Persistent link: https://www.econbiz.de/10011802082
As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … Great Depression are not valid anymore to a great extent. Together with the decisions taken by the leaders of the world …
Persistent link: https://www.econbiz.de/10003864235
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Since two main principles of the monetary policy are credibility and transparency, central banks aim to develop long-run policies. However, contemporary monetary policy approach requires that central banks are responsible for developing short-run stability policies as well. Within this context,...
Persistent link: https://www.econbiz.de/10008831594