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The external finance premium and the financial accelerator : the case of Turkey
Cambazoglu, Birgul; Karaalp, Hacer Simay - In: International journal of economic sciences and applied … 6 (2013) 1, pp. 103-121
The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...
Persistent link: https://www.econbiz.de/10010160671
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Is stock always the right choice? : should naive investors avoid stock markets?
Donadelli, Michael - In: Advances in management & applied economics 1 (2011) 3, pp. 93-113
The goal of this paper is to present an original and simple analysis aimed to understand why investing in capital markets can be very dangerous for "naive investors". Stock markets display often exploding volatility. They are characterized by instability and subject to external shocks. If...
Persistent link: https://www.econbiz.de/10010009044
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Econometric policy evaluation in a two sector model
Choi, Yong-jae - In: Journal of economic research 18 (2013) 1, pp. 55-77
Persistent link: https://www.econbiz.de/10010185467
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The New Keynesian Phillips Curve in an inflation targeting country : the case of Turkey
Gozgor, Giray - In: International journal of economic sciences and applied … 6 (2013) 1, pp. 7-18
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …
Persistent link: https://www.econbiz.de/10010160677
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The association between current account deficit and house prices in Turkey
Hepşen, Ali; Aşıcı, Mehmet - In: Journal of applied finance & banking 3 (2013) 3, pp. 65-79
house price changes. Not surprisingly, inflation is also positively associated to house prices. The important outcome of the …
Persistent link: https://www.econbiz.de/10010148091
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Relative prices, price level and inflation : effects for asymmetric and sticky adjustment
Tripathi, Shruti; Goyal, Ashima - In: The IUP journal of applied economics 12 (2013) 2, pp. 41-61
Persistent link: https://www.econbiz.de/10010147271
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Some considerations on the challenges to the economic science
Doroftei, Irina Mădălina - In: Romanian journal of fiscal policy : RJFP 3 (2012) 1, pp. 20-27
The recent crisis of 2008 has revealed several challenges for the economic science, sparking a considerable amount of debate regarding the profession of economists and the role of macroeconomics and monetary policies. The first question that arose was why there was a lack of anticipation of the...
Persistent link: https://www.econbiz.de/10010079775
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Does subprime crisis affect Chinese stock market returns?
Shi, Kai; Nie, Li - In: Journal of applied finance & banking 2 (2012) 6, pp. 163-173
This paper aims at testing the influence of Subprime Crisis on Chinese stock market returns. By means of newly proposed time series spatial analysis methodology, we investigate the dominance behavior of daily returns on both Shanghai Stock Exchange Composite Index and Shenzhen Stock Exchange...
Persistent link: https://www.econbiz.de/10010118417
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Financial liberalization and banking crisis : a spatial panel model
Triki, Mohamed Bilel; Maktouf, Samir - In: Journal of applied finance & banking 2 (2012) 3, pp. 81-122
This paper investigates the determinants of banking system fragility by underlining the impact of bank liberalization on banking stability during the process of financial liberalization in emerging and developed countries. To this effect, we adopted a panel model with spatial dependency from a...
Persistent link: https://www.econbiz.de/10010009130
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Impact of macroeconomic factors on underpricing of initial public offerings before and after the recent global financial crisis : evidence from Istanbul Stock Exchange
Güntürkün, Mustafa Hakan; Gürarda, Şevin; … - In: Journal of applied finance & banking 2 (2012) 5, pp. 261-273
Underpricing of Initial Public Offerings (IPO) has always been a big deal to see the money left on the table by the issuers. This study analyzes the after-market performances of IPOs observed in 2006-2011 period in Istanbul Stock Exchange (ISE). Besides looking at the period as a whole, we...
Persistent link: https://www.econbiz.de/10010058684