Although it is essential for investors who want to comply with their religious obligations, cross-sectoral interaction in Islamic equity markets is an untouched subject in finance literature. Accordingly, this paper aims to investigate the interactions between the ten major sectors of Islamic...

The 2000/2001 Turkish crisis was one of the most impressive crises that hit the emerging market economies in the late 90s. The characteristic of this crisis is not only its violence but also its suddenness. We observe two rapid crisis sequences which are different from recent financial crisis...

In the last fifteen years four crisis episodes occurred in the Turkish economy in April 1994, February 2001, May 2006 and October 2008. These local crises with minor effects on other countries led nevertheless to severe economic and social consequences in terms of increasing domestic interest...

The 2000-2001 Turkish crisis has often been analysed in the literature without a solid econometric basis. This article presents a linear regression model as well as a logit model that enable us to measure the extent to which economic fundamentals and banking variables can account for the outcome...

In May 2004, the European Union (EU) has experienced the greatest enlargement in its history with the accession of ten new countries from Central and Eastern Europe. Yet Turkey is an associate member of the European Economic Community since 1963 with the Ankara Agreement and a privileged trade...

The global economic and financial instability context of the 1990s and 2000s also affected the Turkish economy. Actually, the 1980s in Turkey are characterized by a radical transformation of its economy through significant efforts of liberalization. With an out-looking economy and a liberalized...

Different severe financial crises episodes occurred in the Turkish economy in the last two decades. These crises led to severe economic and social consequences for Turkey in terms of increasing interest rates, large reserves losses, considerable currency depreciations, high output losses and...