Bu makalede, döviz kurlarının belirlenmesinde Satın-Alma Gücü Paritesi, Örtülü Olmayan Faiz Parite’si ve Parasalcı Model ampirik olarak incelenmiştir. Türkiye için 1987-2004 aralığını kapsayan veriler kullanılmıştır. Çalışma, Satın-Alma Gücü Paritesi denklemindeki...

The systematic risk of IPO’s in the thinly traded Istanbul Stock Exchange (ISE) are estimated using Empirical Bayes Estimators (EBE). The sectors that the firms belong to, provide the priors. Comparisons are made with OLS estimators across different estimation and forecasting periods. Two...

This article investigates the relationship between inflation and inflation uncertainty, and the impact of monetary policy on this relationship using monthly Turkish inflation data over January 1984 to-October 2005. The results from various types of GARCH-M models indicate that higher inflation...

This study compares the performance of the widely used risk measure, value at risk (VaR), across a large sample of developed and emerging countries. The performance of VaR is assessed using both the unconditional and conditional tests of Kupiec and Christoffersen, respectively, as well as the...