Showing 1 - 10 of 136
emerging market countries. Underlying this policy exceptionalism were the constraints posed by Turkey's pre-existing policy and …
Persistent link: https://www.econbiz.de/10010273655
Statistical analysis of Greek sovereign debt denominated in gold and traded on the London Stock Exchange from the outbreak of the First World War until the advent of the Great Depression is employed to explore the way that historical events including political and institutional changes shaped...
Persistent link: https://www.econbiz.de/10005870576
This paper studies the asset pricing implications of a general equi-librium model in which real investment is reversible at a cost. Firmsface higher costs in contracting than in expanding their capital stockand decide to invest when their productive capital is scarce relativeto the overall...
Persistent link: https://www.econbiz.de/10009022140
A large literature studies the predictability of stock returns by other lagged nancialvariables in a predictive regression setting. A common feature of widely used testingprocedures is a failing robustness, which may lead to misleading conclusions determinedby the particular features of a small...
Persistent link: https://www.econbiz.de/10009248833
The premium on "on-the-run" Treasuries (i.e. the most recently issued ones) is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. Primary dealers are more likely to hold large inventories of on-the-run Treasuries. There is also less variation across...
Persistent link: https://www.econbiz.de/10015053569
accession negotiations with Turkey. Various recent analyses assess the cost of applying the Common Agricultural Policy of the EU … (CAP) to Turkey without taking into account the specific structure of the agricultural sector in Turkey, which would … to Turkey, if Turkey should accede in 2014. The analysis is based on macroeconomic projections from the literature …
Persistent link: https://www.econbiz.de/10010343385
East Asian experience as the principal benchmark for comparison, this paper examines whether Turkey is on its way to …
Persistent link: https://www.econbiz.de/10010273648
, economic instability in Turkey, prior intentions to stay abroad and work experience in Turkey also increase non-return. Female …
Persistent link: https://www.econbiz.de/10010273650
The new era of Post-Washington Consensus (PWC) promoted under the auspices of multilateral organizations such as IMF and the World Bank centres on the need to develop strong regulatory institutions, especially the realm of banking and finance in developing countries. By focusing on the Turkish...
Persistent link: https://www.econbiz.de/10010273659
During the last 30 years, Turkey has undergone profound economic and social transformations, including fundamental …
Persistent link: https://www.econbiz.de/10010273686