Publications

by members of

Türkiye Cumhuriyet Merkez Bankası
Ankara, Turkey

(Central Bank of the Republic of Turkey))

Working papers

2008

1. Soner Baþkaya & Hakan Kara & Defne Mutluer, 2008. "Expectations, Communication and Monetary Policy in Turkey," Working Papers 0801, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Yusuf Soner Baskaya & Tugrul Gurgur & Fethi Ogunc, 2008. "Iþlenmiþ Gida Fiyatlarini Belirleyen Faktorler," Working Papers 0809, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

2007

1. Erdem Basci & Ozgur Ozel & Cagri Sarikaya, 2007. "The monetary transmission mechanism in Turkey : New developments," Working Papers 0704, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Sukru Binay & Ferhan Salman, 2007. "A Critique on Turkish Real Estate Market," Working Papers 2008/8, Turkish Economic Association. [Downloadable!]
3. Faruk Aydin & Hulya Saygili & Mesut Saygili, 2007. "Empirical Analysis of Structural Change in Turkish Exports," Working Papers 0708, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
4. Halil Ibrahim Aydin, 2007. "Interest Rate Pass-Through in Turkey," Working Papers 0705, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
5. Erdal Ozmen & Cihan Yalcin, 2007. "Küresel Finansal Riskler Karsisinda Turkiye'de Reel Sektor Finansal Yapisi ve Borc Dolarizasyonu," Working Papers 0706, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
6. Spiros Bougheas & Paul Mizen & Cihan Yalcin, 2007. "An Open Economy Model of the Credit Channel Applied to Four Asian Economies," Working Papers 082007, Hong Kong Institute for Monetary Research. [Downloadable!]

2006

1. Ercan Karadas & Defne Mutluer & Yasemin Barlas Ozer & Cevriye Aysoy, 2006. "Turkiye’de Imalat Sanayindeki Firmalarin Fiyatlama Davranisi," Working Papers 0602, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Ozge Akinci & Burcu Gurcihan & Refet Gurkaynak & Ozgur Ozel, 2006. "Devlet Ic Borclanma Senetleri Icin Getiri Egrisi Tahmini," Working Papers 0608, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
3. Halil Ibrahim Aydin & Cafer Kaplan & Mehtap Kesriyeli & Erdal Ozmen & Cihan Yalcin & Serkan Yigit, 2006. "Corporate Sector Financial Structure in Turkey : A Descriptive Analysis," Working Papers 0607, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
4. Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," Working Papers 0601, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
5. Cafer Kaplan & Erdal Ozmen & Cihan Yalcin, 2006. "The Determinants and Implications of Financial Asset Holdings of Non-Financial Firms in Turkey : An Emprical Investigation," Working Papers 0606, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

2005

1. Cagri Sarikaya & Fethi Ogunc & Dilara Ece & Hakan Kara & Umit Ozlale, 2005. "Estimating Output Gap for the Turkish Economy," Working Papers 0503, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Zelal Aktas & Neslihan Kaya & Umit Ozlale, 2005. "The Price Puzzle in Emerging Markets : Evidence from the Turkish Economy Using Model Based Risk Premium Derived from Domestic Fundamentals," Working Papers 0502, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
3. Hakan Kara & Fethi Ogunc, 2005. "Exchange Rate Pass-Through in Turkey : It is Slow, but is it Really Low?," Working Papers 0510, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
4. Ozge Akinci & Olcay Yucel Culha & Umit Ozlale & Gulbin Sahinbeyoglu, 2005. "The Effectiveness of Foreign Exchange Interventions for the Turkish Economy : A Post-Crisis Period Analysis," Working Papers 0506, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
5. Ozge Akinci & Yasemin Barlas Ozer & Bulent Usta, 2005. "Dolarizasyon Endeksleri : Turkiye’deki Dolarizasyon Surecine Iliskin Gostergeler," Working Papers 0517, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
6. Ozge Akinci & Olcay Yucel Culha & Umit Ozlale & Gulbin Sahinbeyoglu, 2005. "Causes and Effectiveness of Foreign Exchange Interventions for the Turkish Economy," Working Papers 0505, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
7. Ferhan Salman, 2005. "Risk Aversion, Sovereign Bonds and Risk Premium," Working Papers 0514, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
8. Ferhan Salman, 2005. "Information, Capital Gains Taxes & New York Stock Exchange," Working Papers 0513, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
9. Ali Culha & Cihan Yalcin, 2005. "The Determinants of the Price-Cost Margins of the Manufacturing Firms in Turkey," Working Papers 0515, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
10. Paul Mizen & Cihan Yalcin, 2005. "Corporate Finance Under Low Interest Rates: Evidence from Hong Kong," Working Papers 112005, Hong Kong Institute for Monetary Research. [Downloadable!]

2004

1. Ugur Ciplak & Eray M. Yucel, 2004. "Trade Protection Measures, Agricultural and Food Prices," Working Papers 0401, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Ugur Ciplak & Eray M. Yucel, 2004. "Ithalatta Koruma Onlemleri ile Tarim ve Gida Fiyatlari," Working Papers 0401tur, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
3. M. Faruk Aydin & Ugur Ciplak & Eray M. Yucel, 2004. "Export Supply and Import Demand Models for the Turkish Economy," Working Papers 0409, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
4. Ertunc Alioglu & Can Erbil & Ferhan Salman, 2004. "Revealing Turkey’s Public Debt Burden : A Transparent Payments Approach," Working Papers 0413, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
5. Ertunc Alioglu & Can Erbil & Ferhan Salman, 2004. "Revealing Turkey’s Public Debt Burden: A Transparent Payments Approach," Public Economics 0409004, EconWPA. [Downloadable!]
6. Ferhan Salman, 2004. "Balancing Turkey’s Intertemporal Budget Gap," Working Papers 0408, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
7. Vuslat Us, 2004. "Kayýtdýþý Ekonomi Tahmini Yöntem Önerisi: Türkiye Örneði," Working Papers 2004/17, Turkish Economic Association. [Downloadable!]
8. Cihan Yalcin & Spiros Bougheas & Paul Mizen, 2004. "The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions," Working Papers 0407, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
9. Spiros Bougheas & Paul Mizen & Cihan Yalcin, 2004. "Access to External Finance : Theory and Evidence on the Impact of Firm-Specific Characteristics," Working Papers 0406, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

2003

1. Vuslat Us & Kývýlcým Metin Ozcan, 2003. "Optimal Univariate Expectations under High and Persistent Inflation : New Evidence From Turkey," Working Papers 2003/4, Turkish Economic Association. [Downloadable!]
2. Mizen, Paul & Yalcin, Cihan, 2003. "Corporate Finance when Monetary Policy Tightens: How do Banks and Non-Banks Affect Access to Credit?," EIFC - Technology and Finance Working Papers 18, United Nations University, Institute for New Technologies. [Downloadable!]

2002

1. Zelal Kotan, 2002. "Uluslararasi Rekabet Gucu Gostergeleri Turkiye Ornegi," Discussion Papers 0202, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

2001

1. Zelal Kotan & Serdar Sayan, 2001. "A Comparison Of The Price Competitiveness Of Turkish And South East Asian Exports In The European Union Market In The 1990s," Discussion Papers 0102, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Ferya Kadioglu & Zelal Kotan & Gulbin Sahinbeyoglu, 2001. "Kura Dayali Istikrar Programi Uygulamasi Ve Odemeler Dengesi Gelismeleri : Turkiye 2000," Discussion Papers 0105, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

2000

1. Fethi Ogunc & Gokhan Yilmaz, 2000. "Estimating The Underground Economy In Turkey," Discussion Papers 0004, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Ferya Kadioglu & Nilufer Ozdemir & Gokhan Yilmaz, 2000. "Inflation Targeting in Developing Countries," Discussion Papers 0006, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
3. Cihan Yalcin, 2000. "Price-Cost Margins and Trade Liberalization in Turkish Manufacturing Industry : A Panel Data Analysis," Discussion Papers 0001, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
4. Cihan Yalcin & Gulbin Sahinbeyoglu, 2000. "The Term Structure of Interest Rates : Does It Tell About Future Inflation," Discussion Papers 0002, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

1999

1. Ferhan Salman & Aslihan Salih, 1999. "Modeling the Volatility In the Central Bank Reserves In An Emerging Market Setting," Working Papers 9901, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Ferhan Salman, 1999. "Risk-return-volume relationship in an emerging stock market," Discussion Papers 9901, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
3. Zelal Kotan & Mesut Saygili, 1999. "Estimating an Import Function for Turkey," Discussion Papers 9909, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
4. Soner Baskaya & Pelin Berkmen & H.Murat Ozbilgin & Erdal Yilmaz, 1999. "TEFE ve TUFE Endeksleri ile Alt Kalemlerindeki Mevsimsel Hareketlerin Incelenmesi," Working Papers 9902, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

1998

1. Sukru Binay & Ferhan Salman, 1998. "The Global Crisis and The Turkish Economy," Working Papers 9801, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
2. Almila Karasoy & Mesut Saygili & Cihan Yalcin, 1998. "Enflasyonun Dogrudan Hedeflenmesi Politikasi ve Bazi Ulke Deneyimleri," Discussion Papers 9801, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
3. Mehtap Kesriyeli & Cihan Yalcin, 1998. "Taylor Kurali ve Turkiye Uygulamasi Uzerine Bir Not," Discussion Papers 9802, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]

Journal articles

2007

1. Hakan Kara & Fethi Ogunc & Umit Ozlale & Cagri Sarikaya, 2007. "Estimating the Output Gap in a Changing Economy," Southern Economic Journal, Southern Economic Association, vol. 74(1), pages 269-289, July.
2. Vuslat Us, 2007. "Alternative Monetary Policy Rules in the Turkish Economy Under an Inflation-Targeting Framework," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 43(2), pages 82-101, April. [Downloadable!] (restricted)

2006

1. Erbil, Can & Salman, Ferhan, 2006. "Revealing Turkey's public debt burden: A transparent payments approach," Journal of Policy Modeling, Elsevier, vol. 28(7), pages 825-835, October. [Downloadable!] (restricted)
2. Bougheas, Spiros & Mizen, Paul & Yalcin, Cihan, 2006. "Access to external finance: Theory and evidence on the impact of monetary policy and firm-specific characteristics," Journal of Banking & Finance, Elsevier, vol. 30(1), pages 199-227, January. [Downloadable!] (restricted)
3. Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," CESifo Economic Studies, Oxford University Press, vol. 52(1), pages 177-213, March. [Downloadable!] (restricted)

2005

1. Yasemin Barlas Ozer & Defne Mutluer, 2005. "Inflation Expectations in Turkey : Statistical Evidence from the Business Tendency Survey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 5(2), pages 73-97. [Downloadable!]
2. Karasoy, Almila & Kunter, Kursat & Us, Vuslat, 2005. "Monetary transmission mechanism in Turkey under free float using a small-scale macroeconomic model," Economic Modelling, Elsevier, vol. 22(6), pages 1064-1073, December. [Downloadable!] (restricted)
3. Mesut Saygili & Kar-yiu Wong, 2005. "Unilateral and regional trade liberalization: China's WTO accession and FTA with ASEAN," Proceedings, Federal Reserve Bank of San Francisco. [Downloadable!]

2004

1. Cagri Sarikaya, 2004. "Export Dynamics in Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 4(2), pages 41-64. [Downloadable!]
2. F. ÖğünÇ & D. Ece, 2004. "Estimating the output gap for Turkey: an unobserved components approach," Applied Economics Letters, Taylor and Francis Journals, vol. 11(3), pages 177-182, February. [Downloadable!] (restricted)
3. Vuslat Us, 2004. "Monetary transmission mechanism in Turkey under the monetary conditions index: an alternative policy rule," Applied Economics, Taylor and Francis Journals, vol. 36(9), pages 967-976, May. [Downloadable!] (restricted)
4. Us, Vuslat, 2004. "Inflation dynamics and monetary policy strategy: some prospects for the Turkish economy," Journal of Policy Modeling, Elsevier, vol. 26(8-9), pages 1003-1013, December. [Downloadable!] (restricted)
5. Cihan Yalcin & Spiros Bougheas & Paul Mizen, 2004. "The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 4(1), pages 1-30. [Downloadable!]

2003

1. Ercan Karadas & Fethi Ogunc, 2003. "An Analysis of Inflation Expectations of the Turkish Private Manufacturing Industry," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 3(2), pages 57-83. [Downloadable!]
2. I. Anil Talasli, 2003. "Macroeconomic Performance of Currency Boards in Transition Economies," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 3(2), pages 27-55. [Downloadable!]
3. Ozge Akinci, 2003. "Modeling the Demand for Currency Issued in Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 3(1), pages 1-25. [Downloadable!]
4. Vuslat Us, 2003. "Analyzing the Persistence of Currency Substitution Using a Ratchet Variable : The Turkish Case," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 39(4), pages 58-81, July. [Downloadable!] (restricted)

2002

1. Defne Mutluer & Yasemin Barlas, 2002. "Modeling the Turkish Broad Money Demand," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 2(2), pages 55-75. [Downloadable!]
2. Oguz Atuk & Beyza Pinar Ural, 2002. "Seasonal Adjustment Methods : An Application to the Turkish Monetary Aggregates," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 2(1), pages 21-37. [Downloadable!]
3. Salman, Ferhan, 2002. "Risk-Return-Volume Relationship in an Emerging Stock Market," Applied Economics Letters, Taylor and Francis Journals, vol. 9(8), pages 549-52, June. [Downloadable!] (restricted)

Chapters

2008

1. Erdem Basci & Özgür Özel & Cagri Sarikaya, 2008. "The monetary transmission mechanism in Turkey: new developments," BIS Papers chapters, in: Bank for International Settlements (ed.), Transmission mechanisms for monetary policy in emerging market economies, volume 35, pages 475-499 Bank for International Settlements. [Downloadable!]

This page was last updated on 2008-10-1.