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Measuring inflation uncertainty in Turkey

Gülşen, Eda; Kara, Hakan - Türkiye Cumhuriyet Merkez Bankası - 2019

Persistent link: https://www.econbiz.de/10012110052

Non-core Liabilities as an Indicator of Systemic Risk and a Liquidity Stress Test Application on Turkish Banking System

Akdogan, Kurmas; Yildirim, Burcu Deniz - Türkiye Cumhuriyet Merkez Bankası - 2014

We provide a detailed classification of core and non-core liabilities for the Turkish banking system à la Shin and Shin (2010). We further carry out a two-stage liquidity stress test similar to Van Den End (2010) where we simulate inflow and outflow factors as well as the network topology of...

Persistent link: https://www.econbiz.de/10010941467

Turkiye’de Kamu Borc Stokunun Yapisi : Orijinal Gunah Gostergeleri ve Risk-Dahil Kamu Borc Yuku

Gurcihan, Burcu; Yilmaz, Erdal - Türkiye Cumhuriyet Merkez Bankası - 2007

yeni bir gosterge olusturulmasi amaclanmistir. Bu cercevede, risk unsurlarini iceren bir gosterge hesaplamak için VaR … (Value-at-Risk) metodolojisinden faydalanilmis, tarihsel simulasyon yontemi kullanilarak borc yukunun (Borc Stoku /GSYIH …) yuzde 95 guven araliginda alabilecegi maksimum deger hesaplanmistir. Soz konusu maksimum deger, risk-dahil borc yuku olarak …

Persistent link: https://www.econbiz.de/10005667241

Short Run Import Dynamics in Turkey

Aldan, Altan; Bozok, Ihsan; Gunay, Mahmut - Türkiye Cumhuriyet Merkez Bankası - 2012

We study the short-run dynamics of Turkish imports between 2003 and 2011 by applying Kalman filter to obtain time-varying parameters for income and exchange rate. In addition to total imports excluding energy, we use data based on broad economic activities in order to allow sectoral...

Persistent link: https://www.econbiz.de/10010941504

Design and Evaluation of Core Inflation Measures for Turkey

Atuk, Oguz; Ozmen, Mustafa Utku - Türkiye Cumhuriyet Merkez Bankası - 2009

This study analyzes core inflation concept for Turkey from the perspective of design and evaluation. To our best knowledge, this is the first study to evaluate the performance of the core inflation measures for Turkey. We first define and calculate new core inflation indicators using the...

Persistent link: https://www.econbiz.de/10005504815

Determinants of Bond Flows to Emerging Markets: How Do They Change Over Time?

Erduman, Yasemin; Kaya, Neslihan - Türkiye Cumhuriyet Merkez Bankası - 2014

varying regression model using Bayesian estimation methods, where the posterior distribution is approximated by Gibbs sampling … to decrease over time, starting with the Eurozone crisis, and diminishing with the tapering talk. Global risk appetite … and the risk perception towards the emerging countries are also found to have relatively small and stable significant …

Persistent link: https://www.econbiz.de/10010941469

Endogenous Life-Cycle Housing Investment and Portfolio Allocation

Tunc, Cengiz; Pelletier, Denis - Türkiye Cumhuriyet Merkez Bankası - 2013

risk aversion and elasticity of intertemporal substitution. The model shows that housing investment has a strong crowding …

Persistent link: https://www.econbiz.de/10010941508

Is Gold a Safe Haven Against Equity Market Investment in Emerging and Developing Countries ?

Gurgun, Gozde; Unalmis, Ibrahim - Türkiye Cumhuriyet Merkez Bankası - 2014

The hedge and safe haven properties of gold in advanced economies’ financial markets are well documented in the literature. Studies of how this issue relates to emerging markets and developing countries are, however, very limited. This paper aims to fill this gap by empirically analysing the...

Persistent link: https://www.econbiz.de/10010941512

Dolarizasyon Endeksleri : Turkiye’deki Dolarizasyon Surecine Iliskin Gostergeler

Akinci, Ozge; Ozer, Yasemin Barlas; Usta, Bulent - Türkiye Cumhuriyet Merkez Bankası - 2005

economic units’ holding assets in foreign currency to prevent the value of their financial assets from the risk of devaluation …

Persistent link: https://www.econbiz.de/10005689749

Measuring financial systemic stress for Turkey : a search for the best composite indicator

Gülenay Chadwick, Meltem; Öztürk, Hüseyin - Türkiye Cumhuriyet Merkez Bankası - 2018

Persistent link: https://www.econbiz.de/10011957868