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...

This study has investigated the effect of VIX, created as an implied volatility in the US, on 15 emerging stock markets with the application of GJR-GARCH model. According to the results obtained, the emerging stock markets have leverage effect in conditional variance and emerging bad news...

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...

Turkish abstract: Bu çalışmada kamu sermayeli (KSB) ve özel sermayeli (ÖSB) bankaların kredi verme davranışlarındaki asimetrinin nedenleri ARDL Sınır Testi ile araştırılmıştır. KSB ve ÖSB'lerin kredi hacimleri ile takipteki krediler ve belirlenen makroekonomik göstergeler...

Turkish Abstract: Ülkeler ve ekonomiler açısından artan önemi nedeniyle faizsiz bankacılığa olan ilgi artmaktadır. Bu trende paralel olarak Türkiye'de faizsiz bankacılığa olan ilgide ve talepte artış yaşanmaktadır. Bir taraftan faizsiz bankacılık hizmetleri sunan finansal...