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Does Internet access to official data display any regularity: case of the Electronic Data Delivery System of the Central Bank of Turkey

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Author Info
Tokel, Omer Emre
Yucel, Eray M.

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Abstract

1990s were the years of enormous growth of information exchange. Rapid development, augmented coverage and wide accessibility of Internet have been the key factors of that amazing growth. People’s access to economic and financial data was one of the major areas in which new trends and patterns of usage were observed. Owing to the elevated importance of financial information in today’s sophisticated markets, it is hypothesized that the linkage between data access patterns and economic events should display some regularity. In addition, one should be able to explain part of the irregularities. This study examines the access statistics of the Central Bank of Turkey’s Electronic Data Delivery System on these grounds. Using OLS and EGARCH models, significant evidence was obtained for the existence of regularities (i.e. calendar effects) in the data.

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File URL: http://mpra.ub.uni-muenchen.de/15704/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15704.

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Date of creation: 13 Jun 2009
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Handle: RePEc:pra:mprapa:15704

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Related research
Keywords: Data access; Macroeconomic data; Return to information; Economics of information;

Find related papers by JEL classification:
C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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