This paper examines the performance of banks in the Turkish banking system over the period 2001-2002. The goal of the analysis is to quantify the impact of restructuring program on the banking efficiency. Using the stochastic frontier approach, efficiency scores were estimated for each bank in...

This paper investigates the existence of long-run relations between the Turkish stock market and five major stock markets of Europe and the US before and after the Customs Union (CU) of 1996, for the period 1988-2006, using both conventional cointegration tests of Engle and Granger (1987) and...

This paper examines the impact of business cycle on bank capital buffer and portfolio risk using quarterly data for commercial banks operating in the Turkish banking industry for the period 2002Q1-2012Q2. The results indicate that the business cycle and capital buffer are negatively related,...

This paper estimates cost and profit efficiency for Latin American and the Caribbean banking sectors. This study also conducts a comparative analysis of the performance of foreign and domestic banks operating in these counties. Using a model proposed by Battese and Coelli (1995), a common cost...

This paper investigates the validity of the Fisher hypothesis using data from 33 developed and developing countries. Conventional cointegration tests do not provide strong evidence on the relationship between nominal interest rates and inflation. Therefore, we use fractional cointegration...

This paper investigates the link between stock performance of the listed commercial banks in the Turkish stock exchange and three measures of bank performance, such as technical efficiency, scale efficiency and productivity for the period 1998-2008. The relationship between efficiency and stock...

The objective of this paper is to investigate the competitive conditions in the Turkish banking industry on the period between 1983 and 1996 by applying a new method previously applied to the U.S. and Canadian banking industries. The Turkish banking system experienced substantial changes as a...

This paper addresses the relationship between profit and market concentration for the individual banking market. We employ a new model developed by Berger (1995) to test four competing hypotheses for the Turkish banking industry over the years 1988 to 1996. The data suggest that there is no...

This paper examines the volatility of Turkish stock market at the industry level over the period 1992- 1999. Since the nature and composition of the industries are not the same, we study the volatility of each industry separately. Individual firms are aggregated into 15 industries according to...

This paper investigates the volume-return volatility relationship for 25 individual stocks in the Turkish stock market, using daily data for the period 1998-2005. The results indicate that trading volume significantly contributes to the return volatility process of stocks in Turkish stock...