Due to the expansion of microfinance institutions? (MFIs), it has been increasingly recognized that MFIs activities need to be brought under the financial sector?s regulatory framework. In many countries, this framework is underdeveloped, in others partially applied. To ensure a fully informed...

This paper examines the long run relationship between trade deficit and budget deficit in Turkey in the context of fractional cointegration approach. This approach relaxes the assumption in the conventional cointegration analyses that the cointegrating residuals must be integrated of zero and...

Although it is widely acknowledged that exports, particularly through manufactured components, play an important role as a potential source of economic growth, the relationship between exports and economic growth is still ongoing. This paper contributes to this controversy using cointegration...