This article assess how the business cycles in Turkey coincide with the business cycles of member and candidate countries of the European Union. The evidence provided in the paper suggests that there is a negative linkage between Turkish and European business cycle dynamics when the Turkish...

This study assesses the effect of USD–Euro parity on a small open economy where exports are predominantly denominated in Euros and imports are denominated in USD. Empirical evidence from Turkey suggests that a positive change in the USD value of the Euro appreciates the local currency,...

This paper investigates the connection between Turkish industrial production growth and the success of Beşiktaş, which is a popular Turkish soccer team. The empirical evidence provided in the paper suggests that industrial production growth tends to increase with the success of Beşiktaş in...

This study is an assessment of the different ways in which various shocks affect the industrial sectors of an economy. Specifically, we examine how production in various industrial sectors are affected by interest rates, as well as exchange rates, money aggregates, aggregated industrial...

The connection between Turkish industrial production performance and the success of a popular Turkish football team, namely Fenerbahçe, is the central theme of this article. The success of Fenerbahçe is interpreted as a proxy for the workers' mood or morale. Performing a transfer function...

The relationship between the interest rate and the maturity of newly issued bonds provides information on the debt dynamics of an economy as well as on the sustainability of its debt. Such information is crucial especially for countries that have debt-rollover concerns due to financial stress...