The Turkish current account has been exploding in the last few years leading to concerns of a crisis. One of the primary factors identified in the rising deficits is the appreciating lira. In addition, income elasticity of exports and imports can also shed light on continuing trade deficits. In...

We test for sustainability of Turkey’s current account position between 1992 and 2007 using the intertemporal solvency model of Hakkio and Rush (1991) and Husted (1992). This approach examines the relationship between exports and imports+ (which include imports, net interest and unilateral...

In this paper, we analyze the Turkish current account between 1992 and 2004 within an intertemporal benchmark model. Increasingly larger current account deficits in the Turkish economy have caused a great level of discussion of the current account but it has mainly focused on the real exchange...

In this paper we assess the present sustainability of Turkey’s current account position using the framework provided by Milesi-Ferretti and Razin (1996) based on the ability-to-pay and willingness-to-lend model. This framework allows us to assess the structural features and macroeconomic...

This paper argues that number of deaths in a conflict can be a measure of duration and demonstrates that there are information gains to this approach. The well-known conflict database of International Peace Research Institute is compared with the database of Center for Systemic Peace which...

This paper is a contribution to the vast literature on the inefficiency in the index options markets. Previous research has found that trading based on implied volatility forecasts do not generate positive profits for the S&P 500 index options but GARCH volatility forecasts do. Trading based on...

This volume consists of papers presented at Third Coonference in Economics co-organized by Izmir Univeristy of Economics and the State University of New York at Cortland on May 1-2, 2008 in Ýzmir. The theme of the conference is "Emerging Economic Issues in a Globalizing World". Papers presented...

This volume consists of papers presented at First Coonference in Economics co-organized by Izmir Univeristy of Economics and the State University of New York at Cortland on May 24-25, 2006 in Izmir, Turkey. The theme of the conference is "Human and Economic Resources".Human and Economic...

This volume consists of papers presented at Second Coonference in Economics co-organized by Izmir Univeristy of Economics and the State University of New York at Cortland on June 8-9, 2007 in Cortland, New York. The theme of the conference is "Globalization and Its Discontents". Papers presented...