23 articles in this issue
Hisao Kumamoto,Masao Kumamoto
This study investigates the impacts of the degree of currency substitution on nominal exchange rate volatility in seven countries (Indonesia, the Philippines, the Czech Republic, Hungary, Poland, Argentina, and Peru). We use the Threshold ARCH model to co... see more
Gaye Gencer,Zafer Musoglu
This paper examines the volatility transmission mechanisms bivariately, between gold prices and alternatively, Turkish stock market and government bond indices. We employ the BEKK-GARCH model for evaluating the volatility linkages, as a robust technique. ... see more
Nan Yu Wang,Sen Sung Chen,Chih Jen Huang,Cheng Hsin Yen
We identified the relationship between purchase and redemption behavior of flow-return and flow-fund characteristics within different group investors by using Quantile regression, we found that insured investors have reflect better performance than non-in... see more
Mustafa Serdar Basoglu,Turhan Korkmaz,Emrah Ismail Cevik
Fluctuations in raw material and product prices have caused manufacturers and consumers to experience serious losses in steel sector as well as in all other sectors. As the number of manufacturers of commodities like coking coal, iron ore and scrap- the m... see more
Mehmet Kocaman,Emel Memis Kocaman
More rational source distribution in Turkey recently has brought forward the principles of optimality in investment planning. Therefore, many rural areas have been negatively affected from this state. Accordingly, alternative tourism provides important op... see more
Esmak Hassan,Firano Zakaria
The objective of this paper is to identify the determinants of exchange regime choice for North Africa Region. The target is to provide an empirical framework suitable for describe and determine the factors having a significant influence on the developmen... see more
Radouane Raouf,Hicham Hafid
The aim of this paper is to analyze the impact of offshoring on employment in France. In economic analysis, is often associated the phenomenon of relocation to the problem of unemployment. Using a Computable General Equilibrium Model (CGEM), we simulate t... see more
Bilal Mehmood,Parvez Azim,Syed Hassan Raza,Huma Sohaib
This paper develops an innovative model to explain the labor productivity in Asian countries, most of which are labor surplus and are endowed with substantial human capital. Such encouraging demographic traits are considered as complementary factors to us... see more
Abdessalem Gouidar,Ridha Nouira
This paper contributes to a current and intense debate among economists concerning the impact that real exchange rate misalignment can have on FDI. To identify the degree of misalignment, a model of Edwards in Panel will be estimated for a sample of 52 de... see more
Nicolas Moumni,Benaissa Nahhal
In the context of international financial crisis, this paper aims to analyze the impact of the liquidity level on the monetary policy transmission effectiveness of the Moroccan Central Bank (Bank Al Maghrib, BAM). After a long period of liquidity excess, ... see more
Abdulkadir Abdulrashid Rafindadi,Zarinah Yusof
Nigeria has been depending on oil as its major export commodity for decades leading to the neglect of other vital economic resources. This situation led to massive unemployment as a result of an undiversified economic system, which in turn created an alar... see more
Mesut BALIBEY,Serpil TURKYILMAZ
Value-at-Risk (VaR) is a standard tool for measuring potential risk of economic losses in financial markets. In this study, we examine the convenience of the FIGARCH (1, d, 1) and FIAPARCH (1, d, 1) models in evaluating asymmetry features and long memory ... see more
Moses C. Kiptui
This study examines the stability of the demand for money in Kenya owing to conflicting results derived from previous studies which have cast doubt on the relevance of monetary targeting. Bounds testing techniques are applied and an error correction model... see more
Hakan MIHCI,Mehmet Tolga TANER
The aim of this paper is to concentrate on the very recent development performance of two country groups, namely Middle Eastern and North African countries, and to focus on Turkey in an attempt to determine the position of the country in the context of hu... see more
Ying-Fen Fu
This study contributes to the literature by examining the relation among fund performance, performance persistence and individual fund manager sentiment, rather than the fund industry sentitment. This study employs the turnover rate as the proxy of indivi... see more
Currency collapse, exchange rate misalignment and macroeconomic volatility, are key vices that pose a significant threat to entrepreneurial quality, prosperity and survival. Following to this, and using the philosophies and concepts of the catastrophe the... see more
Gokcen Ogruk
This paper evaluates the performance of carry trade strategies with implied Taylor rule interest rate differentials and compares the performance statistics of them over the naive carry trade strategy with actual interest rates. Carry trade, a currency spe... see more
Emna Rouetbi,Chokri Mamoghli
In recent years, researches on microstructure have experienced considerable extensions. A major question that still has no precise answer is about measuring liquidity. Several measures were proposed in the literature in order to assess and understand this... see more
Siti Nur Aqilah Ab Wahab,Nur Ainna Ramli
In this study, we explore how the debt equity choices of Listed Malaysian Government linked Companies (GLCs) are influenced by the firm specific characteristics and macroeconomic variables using a sample of 13 GLCs from 1997 to 2009. Two elements of lever... see more
Ali DERAN,Omer ISKENDEROGLU,Incilay ERDURU
This study aims to compare the regional differences by the financial ratios of 157 companies listed on Istanbul Stock Exchange (ISE), Turkey. In this respect, data of 157 companies are researched on the city indexes of Istanbul, Izmir, Kocaeli and B... see more
Harun UCAK,Ilhan OZTURK,Alper ASLAN
The relationship between interest rates and inflation which is called Fisher effect has been investigated in both theoretical and empirical economics in vast literature. The contribution of this paper to the literature is to test the Fisher effect for the... see more
Kemal YAMAN
Health insurance companies are confronted with various tasks in order to offer life-long health care services to their customers. Increasing health expenditures and growing life expectancy necessitates doing annual calculations. At this point triggering f... see more
Anthony . Orji,Akachukwu Stanley Uche,Elijah Ayobami Ilori
Using the Seemingly Unrelated Regression Estimation (SURE) technique, we examine the implications of four different types of foreign capital inflows, namely; Foreign Direct Investment (FDI), Official Development Assistance (ODA), Foreign Private Investmen... see more