Araştırmalar / Research Papers

 

2006 2005  2004   2003   2002   2001   2000   1999   1999 Öncesi / Before 1999
 

Burada yer alan çalışmalardaki görüşler yazarlarına ait olup Türkiye Cumhuriyet Merkez Bankası’nın görüşlerini yansıtmamaktadır. 2003 yılından önce Tartışma Tebliğleri ve Çalışmalar olarak adlandırılan iki başlıkta yayınlanan araştırmalar, 2003 yılından itibaren Çalışma Tebliğleri başlığı altında birleştirilmiştir. Elektronik olarak erişimi bulunmayan çalışmalar Kütüphanede basılı olarak bulunmaktadır. Söz konusu çalışmalara ulaşmak isteyen okuyucular Kütüphaneden yararlanabilmektedir.

 

Views expressed in the research papers are those of the authors and do not necessarily reflect the views of the Central Bank of the Republic of Turkey. From 2003 onwards, the new Working Paper Series replaces the previously published dual series of Discussion Papers and Working Papers. For those documents that are not available on-line, interested readers should consult the Library.

 

 
 

 

2006

Çalışma Tebliğleri / Working Papers

·        Türkiye’de İmalat Sanayindeki Firmaların Fiyatlama Davranışı

      (Ercan Karadaş, Defne Mutluer, Yasemin Barlas Özer, Cevriye Aysoy

       Çalışma Tebliği No. 06/02, Temmuz 2006)

·        Monetary Policy, Corporate Financial Composition and Real Activity

      (Paul Mizen Cihan Yalçın Working Paper No. 06/01, February 2006)

2005

Çalışma Tebliğleri / Working Papers

·        Dolarizasyon Endeksleri: Türkiye’deki Dolarizasyon Sürecine İlişkin Göstergeler

      (Özge Akıncı, Yasemin Barlas Özer, Bülent Usta Çalışma Tebliği No. 05/17, Aralık 2005)

·        Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey

      (Mehtap Kesriyeli, Erdal Özmen, Serkan Yiğit Working Paper No. 05/16, November 2005)

·        The Determinants of the Price-Cost Margins of the Manufacturing Firms in Turkey

      (Ali Çulha, Cihan Yalçın Working Paper No. 05/15, November 2005)

·        Risk Aversion, Sovereign Bonds and Risk Premium

      (Ferhan Salman, Working Paper No. 05/14, October 2005)

·        Information, Capital Gains Taxes & New York Stock Exchange

      (Ferhan Salman, Working Paper No. 05/13, October 2005)

·        Some Evidence on the (Ir)rationality of Inflation Expectations in Turkey

      (Hakan Kara, Hande Küçük Tuğer, Working Paper No. 05/12, August 2005)

·        Monetary Policy Challenges for Turkey in European Union Accession Process

      (Fatih Özatay, Working Paper No. 05/11, May 2005)

·        Exchange Rate Pass-Through in Turkey: It is Slow, but is it Really Low?

      (Hakan Kara, Fethi Ögünç,Working Paper No. 05/10, April 2005)

·        Public Sector Price Controls and Electoral Cycles

      (Fatih Özatay, Working Paper No. 05/09, April 2005)

·        Effects of US Interest Rates and News on the Daily Interest Rates of a Highly Indebted
Emerging Country: Evidence from Turkey

      (Olcay Yücel Emir, Fatih Özatay,  Gülbin Şahinbeyoğlu

       Working Paper No. 05/08, March 2005)

·        A Monetary Disequilibrium Model for Turkey: Investigation of a Disinflationary Fiscal Rule and its Implications on Monetary Policy

      (K. Azim Özdemir, Paul Turner, Working Paper No. 05/07, March 2005)

 

·        The Effectiveness of Foreign Exchange Interventions for the Turkish Economy: A Post-Crisis Period Analysis

      (Özge Akıncı, Olcay Yücel Çulha, Ümit Özlale, Gülbin Şahinbeyoğlu

       Working Paper No. 05/06, February 2005)

·        Causes and Effectiveness of Foreign Exchange Interventions for the Turkish Economy

      (Özge Akıncı, Olcay Yücel Çulha, Ümit Özlale, Gülbin Şahinbeyoğlu

       Working Paper No. 05/05, February 2005)

·        Exchange Rate Pass-Through in Turkey: Has it Changed and to What Extent?

      (Hakan Kara, Hande Küçük Tuğer, Ümit Özlale, Burç Tuğer, Devrim Yavuz, Eray M. Yücel

       Working Paper No. 05/04, February 2005)

·        Estimating Output Gap for the Turkish Economy

      (Çağrı Sarıkaya, Fethi Öğünç, Dilara Ece, Hakan Kara, Ümit Özlale

       Working Paper No. 05/03, February 2005)

·        The Price Puzzle in Emerging Markets: Evidence from the Turkish Economy Using “Model Based” Risk Premium Derived from Domestic Fundamentals

      (Zelal Aktaş, Neslihan Kaya, Ümit Özlale Working Paper No. 05/02, February 2005)

·        A Dynamic Model of Central Bank Intervention        

      (Ana Maria Herrera, Pınar Özbay, Working Paper No. 05/01, January 2005)

2004

Çalışma Tebliğleri / Working Papers

·        Monetary Policy under Imperfect Commitment: Reconciling Theory with Evidence          

      (Hakan Kara, Working Paper No. 04/15, December 2004)

·        Nonlinearity and Structural Change in Interest Rate Reaction Functions for the US, UK and Germany

      (Mehtap Kesriyeli, Denise R. Osborn, Marianne Sensier, Working Paper No. 04/14, November 2004)

·        Revealing Turkey’s Public Debt Burden: A Transparent Payments Approach

      (Ertunç Alioğlu, Can Erbil, Ferhan Salman, Working Paper No. 04/13, October 2004)

·        The Demand for Base Money in Turkey: Implications for Inflation and Seigniorage

      (K. Azim Özdemir, Paul Turner, Working Paper No. 04/12, June 2004)

·        Public Debt in Turkey

      (K. Azim Özdemir, Working Paper No. 04/11, June 2004)

·        Optimal International Reserves Behavior for Turkey

      (K. Azim Özdemir, Working Paper No. 04/10, June 2004)

·        Export Supply and Import Demand Models for the Turkish Economy

      (M.Faruk Aydın, Uğur Çıplak, Eray M. Yücel, Working Paper No. 04/09, June 2004)

·        Balancing Turkey’s Intertemporal Budget Gap

      (Ferhan Salman, Working Paper No. 04/08, April 2004)

·        The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions

      (Cihan Yalçın, Spiros Bougheas, Paul Mizen Working Paper No. 04/07, April 2004)

·        Access to External Finance: Theory and Evidence on the Impact of Firm-Specific Characteristics

      (Spiros Bougheas, Paul Mizen, Cihan Yalçın Working Paper No. 04/06, April 2004)

·        Para: Para Hukuku ve Kaynakları

      (Z. Ernur Demir Abaan– Çalışma Tebliği No. 04/05, Nisan 2004)

·        Importance of Base Money Even When Inflation Targeting

      (Melike Altınkemer Working Paper No. 04/04, March 2004)

·        High Public Debt and Effects of News on Interest Rates

      (Olcay Yücel Emir Fatih Özatay, Gülbin Şahinbeyoğlu Working Paper No. 04/03, March 2004)

·        Relative Price Variability: The Case Of Turkey 1994-2002

      (Hande Küçük Burç Tuğer – Working Paper No. 04/02, February 2004)

·        İthalatta Koruma Önlemleri ile Tarım ve Gıda Fiyatları

      (Uğur Çıplak Eray M. Yücel – Çalışma Tebliği No. 04/01, Ocak 2004)

·        Trade Protection Measures, Agricultural and Food Prices

      (Uğur Çıplak Eray M. Yücel – Working Paper No. 04/01, January 2004)

2003

Çalışma Tebliğleri / Working Papers

·        Banking Sector Fragility and Turkey’s 2000–01 Financial Crisis

      (Fatih Özatay, Güven Sak – December 2003)

·        What Triggers Inflation in Emerging Market Economies?

      (İlker Domaç, Eray M. Yücel – July 2003)

·        Explaining and Forecasting Inflation in Turkey

      (İlker Domaç – July 2003)

·        Recent Experiences With Capital Controls:Is There A Lesson for Turkey?

      (Melike Altınkemer – June 2003)

·        Does the Exchange Rate Regime Matter for Inflation? Evidence from Transition Economies

      (Ilker Domaç, Kyle Peters and Yevgeny Yuzefovichî - March 2003)

·        Electronic Money Free Banking and Some Implications for Central Banking

      (Yuksel Gormez – Christopher Houghton Budd March 2003)

·        Prospects for Electronic Money: A US - European Comparative Survey

     (Yüksel Görmez – Forrest Capie March 2003)

·        Optimal Monetary Policy, Commitment, and Imperfect Credibility

      (A. Hakan Kara February 2003)

2002

Tartışma Tebliğleri / Discussion Papers

·        Robust Targeting Rules for Monetary Policy

      (A. Hakan Kara - 2002)

·        On the Link between Dollarization and Inflation: Evidence from Turkey

      (Mohsen Bahmani-Oskooee and İlker Domaç December 2002)

·        Is there Room for Forex Interventions under Inflation Targeting Framework? Evidence from Mexico and Turkey

      (İlker Domaç and Alfonso Mendoza, December 2002)

·        Fayda Teorisi ve Rasyonel Seçimler 1

      (Ernur Demir Abaan, Temmuz 2002)

·        Fayda Teorisi ve Rasyonel Seçimler 2

     (Ernur Demir Abaan, Temmuz 2002)

·        Merkez Bankaları Ve Türev Piyasa Riskleri

      (Ernur Demir Abaan, Mayıs 2002)

·        Uluslararası Rekabet Gücü Göstergeleri Türkiye Örneği

      (Zelal Kotan, Şubat 2002)

·        Credibility Of Monetary Regimes: Is Inflation Targeting Different?

     (Kürşat Kunter, Norbert Janssen January, 2002)

Çalışmalar / Working Papers

·        2002 Yılının İlk Yarısında Stok Birikiminin GSYİH Büyümesine Katkısı

      (Evren Ceritoğlu, Kasım 2002)

·        Cari İşlemler Hesabına Çeşitli Yaklaşımlar, Sürdürülebilirlik ve Türkiye Örneği

      (S. Tolga Tiryaki, Kasım 2002)

·        Bankalararası Para Piyasası 

      (Serkan Yiğit, Kasım 2002)

·        Bankacılık Sektörünün Yabancı Para Pozisyon Açığı: Türkiye Örneği

      (Cafer Kaplan, Kasım 2002)

·        Türkiye’de Kamu Kesimi İç Borçlanmasının Bankacılık Sektörü Bilançolarına ve Risklerine Olan Etkileri

      (Faruk Aydın, Kasım 2002)

·        Kamu Kesimi İtibariyle Mali Etki Hesaplaması: Türkiye Uygulaması

      (Cem Çebi, Kasım 2002)

·        Inflation Dynamics and Reaction Function in High-inflation Environment : An Implication for Turkey

      (Runchana Pongsaparn, November 2002)

·        Effects of the Interest Rate Defense on Exchange Rates During the 1994 Crisis in Turkey

      (İnci Gümüş, November 2002)

·        Inflation Targeting as a Monetary Policy and its Applicability to Developing Countries

      (Anil Duman, November 2002)

·        The Seasonal Adjustment of the Consumer and Wholesale Prices: a Comparison of Census X-11, X-12 Arima and Tramo/Seats

      (Meltem Gülenay Ongan, November 2002)

·        Open Market Operations In Turkey

     (Gökhan Yilmaz, November, 2002)

·        The Causality Between Financial Development and Economic Growth: The Case of Turkey

      (Deren Ünalmış, November 2002)

·        Calculation Of Output-Inflation Sacrifice Ratio: The Case Of Turkey

      (Devrim Yavuz, Arzu Çetinkaya, November 2002)

·        The Cyclicality Of Mark-Up Ratios: The Case Of Turkish Industry

     (Evren Ceritoğlu, November 2002)

2001

Tartışma Tebliğleri / Discussion Papers

·         Kura Dayalı İstikrar Programı Uygulaması Ve Ödemeler Dengesi Gelişmeleri: Türkiye 2000

      (Ferya Kadıoğlu- Zelal Kotan -Gülbin Şahinbeyoğlu Temmuz 2001)

·         How Did They Manage the Floating Crisis? Example From Korea, Mexico And Brazil

      (Melike Altınkemer, April 2001)

·         Capital Inflows And Central Bank’s Policy Response

      (Melike Altınkemer, April 2001)

·         A Comparison Of The Price Competitiveness Of Turkish And South East Asian Exports In The European Union Market In The 1990s

      (Zelal KotanSerdar Sayan, March 2001)

·         Monetary Transmission Mechanism: A View From A High Inflationary Environment

      (Gülbin Şahinbeyoğlu, January,2001)

2000

Tartışma Tebliğleri / Discussion Papers

·         Inflation Targeting in Developing Countries

      (Ferya Kadıoğlu- Nilüfer Özdemir- Gökhan Yılmaz, June 2001)

·         Monetary Policy Reaction Function In Turkey

      (Olcay Yücel Emir- Almila Karasoy -Kürşat Kunter, October 2000)

·         Estimating The Underground Economy In Turkey

      (Fethi Öğünç – Gökhan Yılmaz, October 2000)

·         Alternatif Döviz Kuru Sistemleri

      (Azim Özdemir, Gulbin Şahinbeyoğlu – Eylül 2000)

·         The Term Structure of Interest Rates: Does It Tell About Future Inflation

      (Cihan Yalcin - Gülbin Şahinbeyoğlu, September 2000)

·         Price-Cost Margins and Trade Liberalization in Turkish Manufacturing Industry:A Panel Data Analysis

      (Cihan Yalcin - March 2000)

Çalışmalar / Working Papers