The primary goal of this study is to introduce monetary analysis for the Turkish economy in the light of empirical evidences that demonstrate the importance of this analysis for the economy. In the study we also focus on the implication of persistent money supply shocks, particularly shocks that...

Turkish Abstract: Bu çalışmanın amacı, 2000-2011 döneminde Türkiye'de ve dünyada tezgahüstü türev piyasaların gelişimini incelemektir. Çalışmada tezgahüstü türev piyasalara yönelik eleştiriler de ele alınmıştır. 1970'li yıllardan sonra varlık fiyatlarındaki...

Turkish Abstract: Blok zincirin en yaygın kullanıldığı alan olan kripto paralar son yıllarda en çok tercih edilen yatırım araçları arasındaki yerini aldı. Dünya üzerindeki çeşitli yatırım fonlarının da portföylerinde kendine yer bulan dijital varlıklar uzun zamandır...

This study examines the interaction between financial stress and economic activity across emerging markets (EMs). Episodes of financial stress can be broadly defined as periods when the financial system is under acute strain and its ability to intermediate is impaired. This study introduces a...

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...

Klasik gelenek, konjonktür dalgalarını piyasa mekanizmasının kendiliğinden ortadan kaldırabileceği geçici sapmalar olarak değerlendirirken; kapitalizmin doğası gereği istikrarsız olduğunu kabul eden Keynesçi gelenek, aktivist politikalarla konjonktür dalgalarının önlenmesi...

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...

Turkish economy in the aftermath of the global crisis has faced an unprecedented divergence between domestic and external demand. Increasing risks in the face of surging short-term capital inflows, deteriorating current account deficit and rapid credit growth have called for an alternative...