In this study monthly equity index values of twenty two emerging and twelve developed markets are used for the determination of cointegration relations developed by Johansen. The results of cointegration analysis show that Turkish stock market is cointegrated with seven developed and five...

This paper attempts to test Wagnerian and Keynesian hypotheses by examining the relationship between economic growth and total government expenditure as well as its various components, such as current, investment, and transfer expenditures for Turkey during the period 1950-2003. This study finds...

This paper attempts to test Wagnerian and Keynesian hypotheses by examining the relationship between economic growth and total government expenditure as well as its various components, such as current, investment, and transfer expenditures for Turkey during the period 1950-2003. This study finds...

This paper attempts to test Wagnerian and Keynesian hypotheses by examining the relationship between economic growth and total government expenditure as well as its various components, such as current, investment, and transfer expenditures for Turkey during the period 1950-2003. This study finds...

Turkish Abstract: İlk defa Chicago Opsiyon Borsası tarafından 1993 yılında oluşturulan volatilite endeksi (VIX) piyasalardaki korkunun derecesini ölçen bir endeks olup, finansal piyasaların gelecekteki belirsizlikleri hakkında bilgi sağlaması nedeniyle dünya genelinde takip edilen...

This paper focuses on emerging countries whose credit ratings are upgraded to investmentʺ level since 1990 and analyses the trends in selected financial and macroeconomic indicators before and after the upgrade decision. The analysis reveals that access to foreign capital gets easier after...

Turkish Abstract: Bu çalışmada Avrupa, Orta Doğu ve Güney Afrika'da Morgan Stanley Capital International (MSCI) gelişmekte olan piyasalar endeksine giren ülkelerde finansal piyasa istikrarı Baur ve Schulze (2009)'nın önerdikleri kantil regresyon modeline dayalı yeni bir ampirik testle...

Turkish abstract: Bu çalışmanın amacı, son 10 yıldır değişmekte olan uluslararası finansal yapının temel dinamiklerinin, hisse senedi piyasalarının volatilitesi üzerindeki etkisini belirlemektir. Bu amaçla emtia fiyatları, yatırımcıların risk iştahı, küresel ticaret hacmi...