We aimed to define the macroeconomic factors that have an impact on credit card usage in Turkey. Within this scope, we used quarterly data for the period between 2005:01 and 2016:02 in this study. Moreover, MARS (Multivariate Adaptive Regression Splines) method was used in order to achieve this...

Increasing foreign direct investment amount is very significant especially for developing countries in order to improve economy. Because of this situation, defining the factors that affect foreign direct investment is essential. Within this context, the main purpose of this study is to identify...

High bank interest rates have been one of the main problems in certain periods for Turkey. When the development trend of interest rates is examined, it is seen that interest rates were high in the past, they decreased between 2002 and 2010, and they have been increasing after the year 2011. In...

This study researches the impacts of foreign portfolio flows (proxied by foreign investors’ retention share) and monetary policy responses (proxied by the repurchase interest rate) on Turkey’s stock market index taking the COVID-19 pandemic into consideration. A volatility index, credit...

Some countries have announced national benchmark rates while some others have been working on the recent trend in which the London Interbank Offered Rate (LIBOR) will be retired at the end of 2021. Considering that Turkey announced the Turkish Lira Overnight Reference Interest Rate (TLREF), this...

The purpose of this study is to investigate the adequacy of the audit committees in Turkish Banking Sector. Considering national and international legislation, and best practices, audit committees' adequacy involves the issues regarding committees and the responsibilities of committees....

The net selling amount and foreign investors’ retention share have been criticized due to the effects on stock exchange indices. The study focuses on the development of the main index in Turkey (XU100 index) by examining two sub-parts (i.e. before and in COVID-19 pandemic). Daily data between...

This study examines the reaction of local currency oil prices to the COVID-19 pandemic using Turkish daily data (July 25, 2019 to October 30, 2020). A multivariate adaptive regression splines model is employed that considers foreign exchange (USD-TRY), credit default swap spread, global...