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Recent Increases in Prices of Oil Products and their Possible Effects on the 2001-2002 Disinflation Program in Turkey (in Turkish)

Kibritcioglu, Aykut - EconWPA - 2005

$/varil ile 35 $/varil arasýnda dalgalanýr, TL/Dolar kuru ise % 24.4 kadar yükselirken akaryakýt ürünlerinin fiyatlarýna yýl …

Persistent link: https://www.econbiz.de/10005412705

A Wavelet Analysis of MENA Stock Markets

Gallegati, Marco - EconWPA - 2005

equity markets (Egypt, Israel, Jordan, Morocco and Turkey) and applying the discrete wavelet decomposition analysis. We …

Persistent link: https://www.econbiz.de/10005076975

Investor Panic, IMF Actions, and Emerging Stock Market Returns and Volatility

Hayo, Bernd; Kutan, Ali - EconWPA - 2001

In this paper, we examine the reaction of stock market returns and volatility in a diverse group of six emerging markets to a set of IMF events. In particular, we test within a panel framework whether there was an "investor panic" causing a significant drop in stock market returns on the days of...

Persistent link: https://www.econbiz.de/10005124949

The Impact of News, Oil Prices, and International Spillovers on Russian Financial Markets

Hayo, Bernd; Kutan, Ali - EconWPA - 2002

This paper analyzes the impact of news, oil prices, and international financial market developments on daily returns on Russian bond and stock markets. First, there is some persistence in both bond and stock market returns. Second, we find that U.S. stock market returns Granger-cause Russian...

Persistent link: https://www.econbiz.de/10005134897

The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets

Hayo, Bernd; Kutan, Ali - EconWPA - 2004

This paper analyzes the impact of news, oil prices, and international financial market developments on daily returns on Russian bond and stock markets. First, regarding returns, energy news affects returns, while news from the war in Chechnya is not significant. Market volatility does not appear...

Persistent link: https://www.econbiz.de/10005134951

INEQUALITY AND OIL SUBSIDY IN INDONESIA

Situngkir, Hokky - EconWPA - 2004

This paper is intended to give some alternative positive suggestion on how to cope with the must of the cutting off the oil subsidy domestically. The problem that faced by the government is that the compensation fund will hardly enjoyed by the poor, and moreover it is hard to watch out the whole...

Persistent link: https://www.econbiz.de/10005412627

The smooth transition autoregressive target zone model with the Gaussian stochastic volatility and TGARCH error terms with applications

Korenok, Oleg; Radchenko, Stanislav - EconWPA - 2005

This paper proposes to model the error term in smooth transition autoregressive target zone model as Gaussian with stochastic volatility (STARTZ-SV) or as Student-t with GARCH volatility (STARTZ-TGARCH). Using the dynamics of Norwegian krone exchange rate index, we show that both models produce...

Persistent link: https://www.econbiz.de/10005119119

The Long-Run Forecasting of Energy Prices Using the Model of Shifting Trend

Radchenko, Stanislav - EconWPA - 2005

This paper constructs long-term forecasts of energy prices using a reduced form model of shifting trend developed by Pindyck (1999). A Gibbs sampling algorithm is developed to estimate models with a shifting trend line which are used to construct 10-period-ahead and 15-period ahead forecasts. An...

Persistent link: https://www.econbiz.de/10005119203

ACTIVE AND PASSIVE SEIGNIORAGE REVENUES: THE CASE FOR TURKEY 1970-1997

Halicioglu, Ferda - EconWPA - 2005

This study is concerned with the components of the total seigniorage revenues that have been collected by the Turkish governments during the years 1970-1997. Traditionally, a government can increase the monetary base in order to finance its expenditures partially. This form of monetary finance...

Persistent link: https://www.econbiz.de/10005076728

EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective

Kibritcioglu, Aykut - EconWPA - 2003

Section of Cyprus are preparing their economy for a full-membership to the EU while Turkey, as an associate- member of the … Union since 1963 and as a part of customs union between Turkey and the EU since 1996, seems to be excluded from the next EU … Turkey different than the 11 membership candidate countries and the EU countries in terms of the ten selected macroeconomic …

Persistent link: https://www.econbiz.de/10005076843