This article reviews the functioning of prominent Credit Rating Agencies (CRAs) and suggests a better mechanism for rating. We start with the historical evolvement of the CRAs and the emergence of the three that are recognized first in the USA and then all round the world. The performance...

In this study, we analyze the risk aspects of subsectors in Turkey before and after the global financial crisis based on ISE indices of industries. First, we report the descriptive statistics of 19 subsectors. Then, we make use of GARCH (1,1) specification to estimate the volatility of the...

Bu makalede, döviz kurlarının belirlenmesinde Satın-Alma Gücü Paritesi, Örtülü Olmayan Faiz Parite’si ve Parasalcı Model ampirik olarak incelenmiştir. Türkiye için 1987-2004 aralığını kapsayan veriler kullanılmıştır. Çalışma, Satın-Alma Gücü Paritesi denklemindeki...