In this paper aims to investigate the asymmetric relationship between nominal-real exchange rate and foreign exchange reserves of Central Bank in Turkey over the period of 2003:01-2014:01. The study benefits from the recent advance in the nonlinear time series econometric analysis and carries...

The aim of this study is to analyze reasons of unemployment and the validity of sectoral shift hypothesis developed by Lilien for the Turkish economy between years 2005 and 2014. The causal linkage between variables is analyzed by Toda–Yamamoto Granger causality, frequency domain causality and...

National economies tend to protect individuals from external risks that depend mostly as a result of globalization of the trade. There is question that needs an answer at that point; the increase in the government expenditures is a result of the fact that increasing population or the...

In this study, we aim to investigate the relationship between interest rate and inflation rate in the context of the Fisher effect hypothesis for Fragile five economies. In this regard, we employ recently developed panel co-integration and panel causality test methods. The bi-directional causal...

In this study, we aim to investigate the impacts of credit default swaps (CDS) premium as a risk financial indicator on the fluctuations of value of the Turkish lira against the Euro. We try to answer the following questions: Is the CDS premium change among the drivers of EUR/TL exchange rate...

In this study, we aim to investigate the impacts of credit default swaps (CDS) premium as a risk financial indicator on the fluctuations of value of the Turkish lira against the Euro. We try to answer the following questions: Is the CDS premium change among the drivers of EUR/TL exchange rate...