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On the Network Topology of Variance Decompositions: Measuring the Connectedness of Financial Firms
Diebold, Francis X.; Yılmaz, Kamil - 2011
We propose several connectedness measures built from pieces of variance decompositions, and we argue that they provide natural and insightful measures of connectedness among financial asset returns and volatilities. We also show that variance decompositions define weighted, directed networks, so...
Persistent link: https://www.econbiz.de/10010500191
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Systematic and liquidity risk in subprime-mortgage backed securities
Dungey, Mardi; Dwyer, Gerald P.; Flavin, Thomas - 2011
The misevaluation of risk in securitized financial products is central to understanding the financial crisis of 2007 - 8. This paper characterizes the evolution of factors affecting collateralized debt obligations based on subprime mortgages. A key feature of subprime-mortgage backed indices is...
Persistent link: https://www.econbiz.de/10010292259
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Contagion effects of the Silicon Valley Bank run
Choi, Dong Beom; Goldsmith-Pinkham, Paul; Yorulmazer, Tanju - 2023
This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank-specific vulnerabilities contributing to the subsequent declines in banks' stock returns. We find that uninsured deposits, unrealized losses in held-to-maturity securities, bank...
Persistent link: https://www.econbiz.de/10014540982
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Turkey's accession to the EU: What will the Common Agricultural Policy cost?
Grethe, Harald - 2004
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
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Temporary star or emerging tiger? Turkey's recent economic performance in a global setting
Öniş, Ziya; Bayram, İsmail Emre - 2008
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
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Brain drain from Turkey: return intentions of skilled migrants
Güngör, Nil Demet; Tansel, Aysit - 2011
, 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
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Global crisis, national responses: the political economy of Turkish exceptionalism
Öniş, Ziya; Güven, Ali Burak - 2010
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
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The emergence of the regulatory state: The political economy of Turkish banking reforms in the age of post-Washington consensus
Bakır, Caner; Öniş, Ziya - 2009
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
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The labor market consequences of internal migration in Turkey
Berker, Ali - 2010
During the last 30 years, Turkey has undergone profound economic and social transformations, including fundamental …
Persistent link: https://www.econbiz.de/10010273686
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Wage inequality and returns to education in Turkey: a quantile regression analysis
Tansel, Aysit; Bircan, Fatma - 2011
This paper investigates the male wage inequality and its evolution over the 1994-2002 period in Turkey by estimating … Mincerian wage equations using OLS and quantile regression techniques. Male wage inequality is high in Turkey. While it declined …
Persistent link: https://www.econbiz.de/10010273688