Cifter, Atilla; Ozun, Alper - In: Review of Middle East Economics and Finance 4 (2008) 2, pp. 68-79
This paper examines the impact of changes in interest rates on stock returns in Turkey by using wavelet analysis with Granger causality tests. By using daily closing values of the ISE 100 Index and interest rates, it is proven that starting with the 9 day time-scale effect, Granger interest...
