This paper examines the impact of exchange rate variations on the export prices and the profitability of the firms, at sectoral and at firm level respectively, in the Turkish manufacturing industry for the period 1995-2007. The data set consists of export unit values, bilateral exchange rates,...

The aim of this research paper is to understand the impact of credit growth on the current account. Considering the increasing importance of financial stability for the design of monetary policy by the Turkish Central Bank (CBRT), investigating this relation deserves special attention. Our paper...

This study explores the relations between the development level of capital market sub-components, involving mutual/pension funds, corporate bond, stock and government bond markets, and economic growth over the period of 2006:M1 and 2016:M6 in Turkey. We find that there is a long-run...

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...