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...

Corruption is seen in nearly every society since ancient times. However, economic and social costs it caused attracted more attention especially in the last decade. It is widely agreed upon that, corruption affects economic growth and development negatively. In the literature, there is almost a...