Showing 161 - 170 of 1,635
This paper provides a dynamic analysis of the responsiveness of asset markets to monetary policy path revisions. In an era of increased transparency and gradualism in policy making, one might expect an increased response to path revisions in asset markets as the policy actions become more...
Persistent link: https://www.econbiz.de/10008512965
Bu calismada TCMB para politikasi ile ilgili beklentilerin sermaye piyasalari uzerindeki etkisi incelenmektedir. Etkin piyasa hipotezinin (“efficient market hypothesis”) gecerli olmasi durumunda merkez bankasi tarafindan yapilan faiz karari aciklamasini takiben sermaye piyasalarinin sadece...
Persistent link: https://www.econbiz.de/10008518251
This article examines the extent of contagion and interdependence across the East Asian equity markets since early 1990s and compares the ongoing crisis with earlier episodes. Using the forecast error variance decomposition from a vector autoregression, we derive return and volatility spillover...
Persistent link: https://www.econbiz.de/10008528570
Persistent link: https://www.econbiz.de/10005284129
We propose several connectedness measures built from pieces of variance decompositions, and we argue that they provide natural and insightful measures of connectedness among financial asset returns and volatilities. We also show that variance decompositions define weighted, directed networks, so...
Persistent link: https://www.econbiz.de/10009328105
This article focuses on the customs union (CU) already in effect for almost a decade and a half now and links the impact of the CU with the sources of support as well as resistance within Turkey to further integration with the EU. Overall the CU had a positive impact on Turkish economy through...
Persistent link: https://www.econbiz.de/10008560337
This paper examines direct and indirect contributions of foreign firms and small and medium-sized enterprises (SMEs) to aggregate productivity growth. We focus our attention on foreign firms and small firms for three reasons. First, industrial policy in almost all countries is oriented towards...
Persistent link: https://www.econbiz.de/10008568176
Bu çalışmada TCMB para politikası ile ilgili beklentilerin sermaye piyasaları üzerindeki etkisi incelenmektedir. Etkin piyasa hipotezinin (“efficient market hypothesis”) geçerli olması durumunda merkez bankası tarafından yapılan faiz kararı açıklamasını takiben sermaye...
Persistent link: https://www.econbiz.de/10008683516
Persistent link: https://www.econbiz.de/10000836911
Persistent link: https://www.econbiz.de/10001232015