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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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  • Tokel, Omer Emre
  • Yucel, Eray M.

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

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  1. Lakonishok, Josef & Levi, Maurice, 1982. " Weekend Effects on Stock Returns: A Note," Journal of Finance, American Finance Association, American Finance Association, vol. 37(3), pages 883-89, June.
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  7. Jeffrey Jaffe & R. Westerfield, . "The Week-End Effect in Common Stock Returns: The International Evidence," Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research 3-85, Wharton School Rodney L. White Center for Financial Research.
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Cited by:
  1. Tokel, O. Emre & Yucel, M. Eray, 2009. "Click to download data: an event study of Internet access to economic statistics," MPRA Paper 16833, University Library of Munich, Germany.

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