In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey. According to the efficient markets hypothesis, financial markets respond to anticipated policy actions prior to a policy announcement. As a result, they are expected to respond only...

Following the US financial crisis of 2006-2007, the global economy suffered from negative spillover effects of it since fall 2008. In this study, the effects of global financial crsis on Turkish economy (2008-2010) and the macroeconomic performance of the Turkish government (before and) during...

In this short paper, it is mainly argued that the current global economic crisis (2006-2011) consists not only of the US financial crisis of 2006-2007 which has been globalized since fall 2008. The world economy has also been hit by the Eurozone sovereign debt crisis, rising energy prices, two...

Participation banks in Turkey use the “tawarruq” method to restructure their uncollectible receivables and the “commodity murabahah” method, which is a kind of tawarruq, to manage their liquidity. All participation banks to perform these operations use the London Metal Exchange (LME)....

On the 18th and 19th of June 2012, the leaders of the G20 countries will meet in Los Cabos, Mexico, to discuss a variety of current and long-term problems contained in the agenda of 2012 which was determined with respect to the objectives and conclusions of the previous summits. In this study,...

Bankacılık sektörünün yurtdışı borçlanması, bir yandan kredi-mevduat oranı benzeri likidite riski ve makro ihtiyati göstergelerin bozulmasına neden olurken, küresel likiditede koşullarındaki değişim ve bu değişimin uluslararası sermaye akımlarına olan etkisi, sektörün...

This study examines the interaction between financial stress and economic activity across emerging markets (EMs). Episodes of financial stress can be broadly defined as periods when the financial system is under acute strain and its ability to intermediate is impaired. This study introduces a...

Turkish Abstract: Blok zincirin en yaygın kullanıldığı alan olan kripto paralar son yıllarda en çok tercih edilen yatırım araçları arasındaki yerini aldı. Dünya üzerindeki çeşitli yatırım fonlarının da portföylerinde kendine yer bulan dijital varlıklar uzun zamandır...