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volatility of interest rates play a crucial role in pricing financial instruments. In this empirical study, we try to investigate … interest rate process. We find that the volatility of the interest rate is not affected by policy change. However, the level of …
Persistent link: https://www.econbiz.de/10008464863
model for gold market index volatility is EGARCH (1,1). There is no leverage effect in this model, but positive shocks are … the result of more volatility than negative shocks …
Persistent link: https://www.econbiz.de/10012949297
Persistent link: https://www.econbiz.de/10000893173
The idea of development of capital markets and hence securities firms had resurfaced after 1980’s in Turkey, the latest and probably the final liberal period of Turkish economy. First regulations on securities firm business appaeard after Banking Crisis of 1982 (or Banker Crisis). The number...
Persistent link: https://www.econbiz.de/10015225360
The 1980s witnessed the failure of the planned economic development models and absolute victory of the free trade thought. However, the context of the 1990s also included money and capital free movements besides foreign exchange and banking crises. The effective demand crisis of 1929, social...
Persistent link: https://www.econbiz.de/10015262532
In this study, we examine if there is a linkage between the budget deficit (BD) and current account deficit (CAP). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases due to BD (i.e., due to tax-cuts given that there...
Persistent link: https://www.econbiz.de/10015257198
In this research, firstly, the production of wheat, wheat flour, and, the situation of flour mill industry in the world and Turkey, were investigatited. The support policies which were applied to wheat in Turkey, the capacity for flour mill industry, production, import, export affair were...
Persistent link: https://www.econbiz.de/10015238286
Bu calismada, Turkiye Cumhuriyet Merkez Bankasi tarafindan 2005 yili Mayis-Temmuz aylari arasinda ozel imalat sanayinde yer alan 999 firmaya uygulanan ve firmalarin fiyatlama politikalarinin incelendigi “Firmalarin Fiyatlama Davranisi Anketi” projesinin sonuclari degerlendirilmektedir. Elde...
Persistent link: https://www.econbiz.de/10005667257
Due to the complex and close interaction of banks with other economic units, any trouble in banking sector might have repercussion on the whole economy which makes the market structure and competition in banking sector as a cynosure. In fact, in order to understand the market structure,...
Persistent link: https://www.econbiz.de/10008464854
Global crisis has underlined the essentiality of deepening our understanding and knowledge about the financial system. Accordingly, recent debates on macroeconomic policies focused exclusively on the financial system. This survey aims at contributing to the efforts on expanding our existing...
Persistent link: https://www.econbiz.de/10009407616