This paper examines the effects of exchange rate volatility on the export of Turkey in the context of cointegration model over the monthly period of 1989:01-2002:08. The major results show that increases in the volatility of the real exchange rate, approximating exchange-rate uncertainty, exert...

Turkish Abstract: En önemli siyasal ve ekonomik bütünleşme hareketlerinden birisi olan Avrupa Birliği ile olan ilişkiler üye olsun olmasın çoğu ülkeler icin önem taşımaktadır. Zira bu ülkeler topluluğu önemli bir boyuta ulaşmakta ve bu ‘pazar’ ile alışveriş yapacak...

Turkish Abstract: 'Özel Çekme Hakları' deyimi baslıca iki şeyi ifade etmektedir: Birinci olarak bir 'hesap birimini' simgelemektedir. Öte yandan bir 'açık kredi' anlamına gelmektedir. Özel Çekme Hakları Para Fonu'nun bir hesap standardı olarak görülmelidir. Bunların 'kağıt...

Global financial crisis, arising from real estate and finance sectors, has caused extra ordinary costs for the world economy. Problems in the public management model of the US finance and real estate sectors would be accepted as one of the important reasons of the financial failures in the US...

Abstract One of the impacts of financial liberalisation/deregulation to the risk management and regulation mechanisms is self regulation. In the context of self regulation, it is expected that financial intermediaries may internally develop risk management rules, define capital level based on...

Abstract One of the impacts of financial liberalisation/deregulation to the risk management and regulation mechanisms is self regulation. In the context of self regulation, it is expected that financial intermediaries may internally develop risk management rules, define capital level based on...

Abstract After emerging from the U.S. real estate and financial markets, financial crisis has gradually become global. Due to both primary and secondary mortgage market problems in the U.S. are accepted as the essential reasons of the current crisis, it is believed that financial markets and...

Financial failures observed during global financial crisis have again underlined the importance of effective risk management. In this article, the author analyzes the best instrument, namely self discipline, official discipline and market discipline, for the effective risk management. In the...

In this study, the main purpose is to analyze the factors that stimulate the probability of financial crises. The period of analysis covers the years of 1970-2008, thereby including the impact of recent global financial crisis. The analysis aims to make a comparison for the developed and...

Recent financial crises and especially large corporate bankruptcies, have led bank managements and financial authorities to follow and monitor both financial and real sector risks, and to focus on firm failures. Bank of International Settlements, has therefore, taken the decision to include the...