Showing 1 - 10 of 106
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
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
This paper uses a range of structural VARs to show that the response of US stock prices to fiscal shocks changed in 1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices. After 1980, along with a decline in the fiscal...
Persistent link: https://www.econbiz.de/10011927984
The extent to which the stock market provides a hedge to investors against inflation is examined for African stock markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the elasticities of stock prices with respect to consumer prices...
Persistent link: https://www.econbiz.de/10010273656
Many complex systems display fluctuations between alternative states in correspondence to tipping points. These critical shifts are usually associated with generic empirical phenomena such as strengthening correlations between entities composing the system. In finance, for instance, market...
Persistent link: https://www.econbiz.de/10011739615
A notable feature of the Japanese economy in the last two decades is the large fluctuations in asset prices. We examine whether they can by accounted for by a stochastic growth model with habit persistence and costly capital adjustment. For the real estate price, people’s expectations on the...
Persistent link: https://www.econbiz.de/10010318972
This paper studies the economic integration of East Asian economies among one another and with the US using co-movement of stock market prices. Both time-varying correlations and regressions are employed. We have traced the increased integration from 1980 to 2011 among the NIEs of Korea, Hong...
Persistent link: https://www.econbiz.de/10010892117
Iran with Turkey and Russia with China to illustrate the negative effects of oil revenue on economic performance. The …
Persistent link: https://www.econbiz.de/10010330964
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
conditions tightened in 2018, Turkey was among the emerging markets that suffered the most. This article analyses the making of … Turkey's economic crisis in 2018-2019, while elaborating the phases of Turkish financialisation. It locates the slow …
Persistent link: https://www.econbiz.de/10012026493