After the collapse of fixed exchange rate regime in 1980, alternative regimes were adopted in Turkey. The “crawling peg” regime (1980-81) is followed by “managed float” (1981-99), “crawling peg” (1999-2001) and “free floating” (2001-) in “de jure” classification. This paper...

The paper describes simultaneous tests of the effects of announcements of UK mergers and acquisitions on both the mean and conditional volatility functions for UK bidder firms. Unlike previous research, the entire data set is utilized, thus avoiding researcher-chosen event periods. The...