[TR] Bu calismada gecelik kur takasi faizleri ile BIST Repo-Ters Repo Pazari’ndaki gecelik repo faizleri arasindaki iliski incelenmektedir. Soz konusu faizlerin Turkiye’de para politikasinin aktarim mekanizmasi icerisinde onemli bir yere sahip olmasi sebebiyle iki piyasa arasindaki iliskinin...

[EN] This paper introduces the Turkish lira (TL) corporate bond market and presents the estimations of corporate bond yield curve using the Nelson Siegel methodology. Results suggest that Nelson Siegel method performs a good fit for corporate bonds. Additionally, we focus on the impact of recent...

[TR] Bu notta Turkiye’nin net doviz pozisyonu kisa ve uzun vadeli bilesenlerine ayristirilarak sunulmaktadir. Kisa vadeli net doviz pozisyonu bir yil ve daha kisa vadeli varliklar ile yukumlulukler arasindaki farktan olusmaktadir. Not kapsaminda hanehalki, finansal kesim disinda yer alan...

[EN] This note evaluates the option to hold Turkish lira reserves in foreign currency and gold within the context of reserve options mechanism (ROM). We exemplify calculation of reserve options coefficient(s) leaving banks indifferent between the reserve option and other main funding sources...

Bu calismada gecelik kur takasi faizleri ile BIST Repo-Ters Repo Pazari’ndaki gecelik repo faizleri arasindaki iliski incelenmektedir. Soz konusu faizlerin Turkiye’de para politikasinin aktarim mekanizmasi icerisinde onemli bir yere sahip olmasi sebebiyle iki piyasa arasindaki iliskinin...

This paper aims to serve two purposes. First, we provide information on the Turkish lira (TL) corporate bond market, which has developed rapidly in the last couple of years. Second and more prominently, we estimate the yield curve for corporate bonds in Turkey using the Nelson Siegel...

This empirical research explores the interaction between the overnight currency swap rates (Turkish lira rates) and BIST overnight repo rates. In this context, the derived no arbitrage condition reveals that the differential between the two rates is determined by Libor, financial institutions’...

[TR] Son donemde yasanan krizlerin etkisiyle finansal bulasicilik ekonomi ve finans yazininda en cok tartisilan konulardan birisi olmustur. Bu calismada, gelismekte olan ulkelere iliskin 2002 : 01-2011 : 10 donemi verileri kullanilarak kriz donemlerinde Turkiye’nin ortak soklara goreli...

Cross currency swaps are agreements to exchange interest payments and principals denominated in two different currencies and usually have one leg fixed and the other floating. The interest rate on the fixed leg is closely related to the yields on the securities of the same tenure and currency....

[TR] Bu notta Button ve digerleri (2010) tarafindan yapilan calismada kullanilan yaklasim izlenerek, tuketici kredilerine uygulanan faizlerden fonlama maliyeti ve kredi risk primi cikarilarak elde edilen marjlarin gelisimi incelenmistir. Bankalarin kredi faizlerini degisen konjonkturun...