In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey. According to the efficient markets hypothesis, financial markets respond to anticipated policy actions prior to a policy announcement. As a result, they are expected to respond only...

In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey. According to the efficient markets hypothesis, financial markets respond to anticipated policy actions prior to a policy announcement. As a result, they are expected to respond only...

What is the Eurozone and how is it developing? What are the prospects for Bulgaria's accession given the economic development and its readiness for membership? First, the economic results during the first 20 years of the introduction of the euro into monetary circulation are examined. The...