[TR] Bu calismada son donemde artan altin ihracatinin dis ticaret rakamlari ve endeksleri, cari islemler dengesi ve buyume uzerine etkileri incelenmistir. Bunun yaninda, gerek net doviz pozisyonunun hesaplanmasi gerekse onumuzdeki donemde altin ihracatinin surdurulebilirliginin bir gostergesi...

[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...

[EN] This note focuses on the behaviour of portfolio flows and basic financial indicators before and after the acquisition of the second “Investment Grade” (IG) by analysing all relevant cases in the period between 1990 and 2012. Results reveal that portfolio flows into bond and equity...

[EN] This note analyses how selected financial and macroeconomic indicators of emerging economies upgraded to “Investment grade” in the period between 1990 and 2011 behave before and after the upgrade. Results reveal that upgraded countries experience capital inflows through both portfolio...

[EN] This note aims to serve two purposes. First, it evaluates the ability of various financial market instruments to capture market expectations on short-term rate. Second, it utilizes an alternative approach to obtain estimates of term premium inherent in alternative returns. Empirical results...

[EN] In this note, we focus on the significance of the effect of bridge-days, which are defined as extra day-offs between two successive official holidays or between a holiday and a weekend, on the seasonal adjustment process by taking industrial production (IP) as our laboratory. To this end, a...

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 paper aims to serve two purposes. First, it evaluates the ability of various financial market instruments to capture market expectations on short-term rate. Second, it proposes an alternative approach to obtain estimates of term premium inherent in alternative returns. Empirical results...

Bu calismada 1990 yilindan itibaren kredi notu “yatirim yapilabilir” seviyeye yukseltilen ulkelerde finansal ve makroekonomik gostergelerin not artiriminin oncesi ve sonrasindaki egilimleri incelenmektedir. Analiz sonuclari, kredi notu yatirim yapilabilir seviyeye yukseltilen ulkelerin...

Bu not, son yasanan kriz surecinde Turkiye Cumhuriyet Merkez Bankasi’nin (TCMB) faiz kararlari ile Turk lirasinin (TL) deger degisimi arasindaki iliskiyi incelemektedir. Bu kapsamda, TCMB’nin aldigi faiz kararlarinin Turk lirasinin performansi uzerindeki etkisi vaka analizi yontemi...