Recent findings have heightened the debate about the usefulness of public information in asset markets. Using daily composite and sector index returns, this paper examines the role of public information arrival in an emerging, high-inflation economy like Turkey. The findings reveal that real GDP...

We examine the impact of inflation on nominal stock returns and interest rates in Turkey's emerging economy, which has a moderately high, persistent, and volatile inflation rate. Empirical evidence indicates that Turkey's inflation increased more than nominal stock returns and interest rates,...