131 research outputs found
Effectiveness of monetary policy: evidence from Turkey
No full textDue to copyright restrictions, the access to the full text of this article is only available via subscription.An effective monetary policy framework is often viewed as a pre-condition for well-functioning financial markets. Yet measuring monetary policy effectiveness is not straightforward; it requires empirical work to understand the impact of financial infrastructure, competitiveness of financial markets, and current economic conditions. In particular, monetary policy effectiveness depends on the extent to which the chosen interest rate affects all other financial prices—including the entire term structure of interest rates, credit rates, exchange rates, and asset prices. This paper examines the effectiveness of monetary policy in Turkey by focusing on interest rate pass-through outcomes by way of an interacted vector autoregressive (IVAR) approach. The results suggest that policy-led rate changes are fully transmitted to deposit and credit rates within eight months. Competition in the banking sector (as well as that sector’s liquidity and profitability), dollarization, exchange rate flexibility, inflation, and term structure all have a positive effect on interest rate pass-through; whereas regulatory quality, GDP growth, monetary growth, industrial growth, and capital inflows have a negative effect. Using various tests, we find that the effect of financial development and macroeconomic variables on interest rate pass-through is neither robust nor time-invariant
Nazlı Eray öykücülüğünde rüya
No full textTürk öykücülüğünde fantezi yazarlığının önemli isimlerinden biri olan Nazlı Eray (d. 1945), yazın yaşamına girdiği 1960’lı yıllardan bugüne kadar çizgisinden şaşmadan edebî üretimini fanteziler üzerine kurmuştur. Eray’ın, ilk yapıtları ile edebiyat çevrelerince Sait Faik çizgisine yakın bulunur. Bunun sebebi, öykülerinde yer alan dışlanmış, itilmiş, sıradan insanları duyarlılıkla işlemesidir. Öykülerinde bu insanlara ve yaşantılarına sevgiyle yaklaşan yazar, hem kendi hem de dışlanmış insanların özlemlerini ve yaşamdan beklentilerini kurduğu fantezilerle gerçekleştirir. Eray’ın fantezist yazım tarzını besleyen önemli damarlardan biri de rüyalardır. Kurgusal anlamda da olsa yazarın öykü yaratımında önemli işlevlerle yüklü olan rüya, metnin psikanalitik edebiyat kuramı çerçevesinde değerlendirilmesine olanak tanır. Gerçek ile düşü bir arada kullanarak farklı bir gerçeklik katmanının hâkim kılındığı öykülerde yer verilen sıradan insanların ve anlatıcı-yazar kimliğiyle kendini kurguya dâhil eden Eray’ın düş atmosferi içinde imkânsızı ve olağanüstüyü mümkün kıldığı görülür. Yazar, gerçek dışılığı, fantastiği, fizik ötesi durumları ve olağanüstülüğü sağlamak için düşün kendisine sunduğu olanaklarla öykülerini kurgular. Bu bildiride Nazlı Eray’ın öykülerinde geniş yer tutan rüya motifleri, psikanalitik edebiyat kuramı çerçevesinde değerlendirilecek ve yazarın rüyayı bir kurgulama tekniği olarak kullanımına analitik bir yaklaşım sergilenecektir.Nazlı Eray who is one of the most important fantasy author in Turkish storytelling has never changed her style and built her literary works on fantasies since the beginning of her literary career. Eray’s early works are considered to be on the same line with Sait Faik’s by the literary society for her treating ordinary and rejected people in a sensible way in her stories. In her stories, the author who treats these characters and their lives with sympathy fulfills both her own and rejected people’s longings and their expectations from life by fantasising. One of the most important veins that feeds her fantasy style isdreams. Dreams have many functions in her stories and that leads her stories to be analysed within the frame of psychoanalytic literary theory. She uses the reality and fantasy together and creates a different reality in her stories in which ordinary people and she herself as the narrator take part. It can be seen that she makes the unthinkable and supernatural possible in an atmosphere of dream. The author fictionalises her stories with the oppurtunities the dreams offer to ensure supernatural and metaphysical situations. In this study, dream motives taking a wide part in Nazlı Eray’s stories is examined in the frame of psychoanalytic literary theory and the author’s using dream as a setting up technique is analysed
Performance of inflation targeting in retrospect
No full textBoth inflation and inflation expectations declined considerably in the inflation targeting countries during the past two decades. The questions of whether this decline has actually been an outcome of inflation targeting solely and whether inflation targeting has been successful in stabilizing other macroeconomic variables though remain. This study considers these questions on the basis of 16 inflation targeting countries and 21 non-targeting ones using a difference-in-difference approach. With regard to the baseline period of 1996–1999 during which neither of the groups was implementing inflation targeting, a difference-in-difference approach was employed to assess the effects of inflation targeting on inflation, output growth, real exchange rates, inflation volatility and real exchange rate volatility during moving 4-year periods between 2007 and 2015. Our estimates suggest that inflation targeting was superior in terms of harnessing inflation as well as inflation volatility. In terms of economic growth, however, inflation targeting seems to be neutral and in terms of real exchange rates it seems not to be stabilizing, if not de-stabilizing. A hybrid version of inflation targeting, namely the conventional inflation targeting augmented by an improved capacity to deliver macro-prudence as in the post-Lehman economic climate, can therefore be viewed as the best available policy alternative for the upcoming decades
Return and Maturity Relationship for Treasury Auctions: Theory and Evidence From Turkey / Hakan Berument and Ery M. Yucel
No full textNazlı Eray ve 1980-2000 yıllarında kadın yazar olmak
No full textAnkara : İhsan Doğramacı Bilkent Üniversitesi İktisadi, İdari ve Sosyal Bilimler Fakültesi, Tarih Bölümü, 2023.Includes bibliographical references (pages 17-20).This work is a student project of the Department of History, Faculty of Economics, Administrative and Social Sciences, İhsan Doğramacı Bilkent University.The History of Turkey course (HIST200) is a requirement for all Bilkent undergraduates. It is designed to encourage students to work in groups on projects concerning any topic of their choice that relates to the history of Turkey. It is designed as an interactive course with an emphasis on research and the objective of investigating events, chronologically short historical periods, as well as historic representations. Students from all departments prepare and present final projects for examination by a committee, with 10 projects chosen to receive awards.Cumhuriyet kuruluşundan itibaren hak ve özgürlük terimleri ön plana çıkmıştır. Bunun sonucu olarak kadın haklarında gelişmeler olmuş ve kadın yazarların önü açılmıştır. Kadınların edebiyata girmesi kadın-erkek yazar ayrıştırmasını ve bununla birlikte yeni tartışmaları ortaya çıkarmıştır. 1980-2000 yılları Türk kadın yazarların en aktif olması yaşanan toplumsal ve siyasi olaylar sebebiyle oldukça önemli bir dönemdir. 1945 yılında doğan Nazlı Eray bu dönemde birçok eser ortaya çıkaran bir yazardır. Nazlı Eray bu dönemin zorluklarından bahsetmiş fakat kadın yazarların fazladan bir zorlukla karşılaşmadığını düşündüğünü belirtmiştir. Dolayısıyla 1980-2000 döneminde kadın yazarlar için edebiyat bir engel değil, toplumsal ve siyasi olayların yoğun yaşandığı bu dönemde kendilerini ifade etmeleri için bir araç olmuştur.Since the foundation of the Republic, the terms rights and freedoms have come to the fore. As a result, there have been developments in women's rights and the path for women writers has been cleaned from obstacles. Women entering the world of literature brought with itself the discourse of men-women writers and new discussions. 1980-2000 is a very important period because it was a period of important social and political events, and women writers were more active than ever.. Nazlı Eray, born in 1945, is an author who produced many works in this period. Nazlı Eray talked about the difficulties of this period, but she stated that she thought that women writers did not encounter any additional difficulties. Therefore, in the 1980-2000 period, literature was not an obstacle for women writers, but a tool for them to express themselves in this period when social and political events were
intenseby Turaç Hakalma
The past scene of hospitality ethics: A citation analysis perspective
No full textThe literature on ethics research in hospitality has significantly expanded in recent years. The objective of this study is to present a comprehensive overview of ethical research in the field of hospitality literature. This will facilitate insight into future developments by examining the past. A two-step approach is employed, comprising citation analysis, a bibliometric analysis technique, and a systematic review. The former is used to identify themes, which are then discussed in the latter. The citation analysis revealed five main themes of the domain: environmental concerns, organisational citizenship behaviour, reputation management and ethical leadership. Environmental concerns were examined from two perspectives: the viewpoint of hotels and the environmental behaviours of tourists and consumers. Subsequently, a systematic review was conducted using the TCM framework (theory/context/methodology) with the objective of identifying the most prominent theories, contexts, and methodological issues associated with each theme. The issue has predominantly been discussed using quantitative analysis and social-based theories. Research has been mainly conducted in the US and the EU. Environmental ethics is likely to remain a significant area of concern in the future. This study offers a perspective that can aid researchers in developing future studies on ethics and help practitioners enhance the ethical climate of the industry. © The Author(s) 2024
Click to Download Data : An Event Study of Internet Access to Economic Statistics
No full textThis study examines the online access statistics of the Central Bank of Turkey's Electronic Data Delivery System within an event study framework. The comparisons of pre-event and post-event statistics suggest that announcements of both the policy interest rates and the consumer price data considerably affect society's data access behavior. The timing and amplitude of these effects are further studied with respect to inflation expectations and surprise content of events; yet no solid pattern was revealed.Data access, Macroeconomic data, Market efficiency, Event study
Estimation and forecasting of PM10 air pollution in Ankara via time series and harmonic regressions
No full textIn this study, monthly particulate matter (PM10) values in Ankara (39.9334° N, 32.8597° E) from January 1993 to December 2017 are examined. The PM10 are those thoracic particles whose aerodynamic diameter is less than 10 μm (micrometers), and it is of critical health importance due to the penetrability to the lower airways. As an alternative to classical unit root tests, a unit root test primarily based on periodograms is introduced owing to its advantages over alternatives. After examining the stationarity of the series through periodogram-based test as well as its standard rivals, periodic components in the series are examined and it is observed that the series has both periodic and seasonal components. These components are modeled, using the inherent dynamics of a time series alone, within a trigonometric harmonic regression setup, eventually yielding the forecast values for 2018 that turns out to be superior to those obtained by means of ARIMA (autoregressive integrated moving average). This is a striking result since the modeling framework requires no assumptions, no parameter estimations except for the variance of the white noise series, no simulations of the power of tests, no adjustments of test statistics with respect to sample size and no preliminary work as to independent variable which is simply time, i.e., the period of forecast
A Review and Bibliography of Early Warning Models
No full textThis note is intended to share some observations regarding a non-exhaustive collection of the early warning literature from 1971 to 2011. Evolution of the interest in early warning models, methodological spectrum of studies and coverage of economic variables are briefly discussed in addition to providing a bibliography.Early warning systems, bibliometric analysis
A Review and Bibliography of Early Warning Models
No full textThis note is intended to share some observations regarding a non-exhaustive collection of the early warning literature from 1971 to 2011. Evolution of the interest in early warning models, methodological spectrum of studies and coverage of economic variables are briefly discussed in addition to providing a bibliography
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