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...

Turkish Abstract: Uluslararası kitap bölümü olarak yayınlanan bu çalışmada ilk olarak bulaşma kavramı ve literatür konuları ele alınmış, izleyen bölümde ise dünyadaki bulaşıcı krizler başlığı altında sırasıyla Avrupa Para Sistemi Krizi, Meksika Krizi, Asya Krizi,...

Purpose of this study is to revise the real effective exchange rates (REER) indexes released by Central Bank of Turkey. Within this framework, number of countries included in computation of new indexes is increased from 19 to 36 and for the country weights; recent trade developments are aimed to...

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...

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...