Advanced Search
MyIDEAS: Login to save this paper or follow this series

Gecelik Kur Takasi Faizleri ve BIST Gecelik Repo Faizleri


Author Info

  • Doruk Kucuksarac
  • Ozgur Ozel


Bu calismada gecelik kur takasi faizleri ile BIST Repo-Ters Repo Pazari’ndaki gecelik repo faizleri arasindaki iliski incelenmektedir. Soz konusu faizlerin Turkiye’de para politikasinin aktarim mekanizmasi icerisinde onemli bir yere sahip olmasi sebebiyle iki piyasa arasindaki iliskinin ortaya cikarilmasi onem arz etmektedir. Bu amac dogrultusunda oncelikle ele alinan piyasalardaki arbitrajsiz iliskinin hangi faktorlere bagli oldugu incelenmistir. Soz konusu iki faiz arasindaki farkta ; Libor, bankalarin ek borclanma maliyeti ile Turk lirasi ve yabanci para zorunlu karsilik oranlarinin etkili oldugu gosterilmistir. Calismanin devaminda iki faiz seviyesi arasinda uzun vadeli bir iliski olup olmadigi Pesaran, Shin ve Smith es butunlesme yontemiyle test edilmistir. Buna gore elde edilen ampirik bulgular uzun donemde piyasalar arasinda olusmasi beklenen arbitrajsiz iliskiyle ortusmektedir.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Paper provided by Research and Monetary Policy Department, Central Bank of the Republic of Turkey in its series Working Papers with number 1320.

as in new window
Date of creation: 2013
Date of revision:
Handle: RePEc:tcb:wpaper:1320

Contact details of provider:
Postal: Head Office, Istiklal Cad. 10 Ulus, 06100 Ankara
Phone: (90 312) 507 5000
Fax: (90 312) 507 5640
Web page:
More information through EDIRC

Related research

Keywords: Kur takasi; repo; arbitrajsiz iliski; es butunlesme; hata duzeltme modeli;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:


No references listed on IDEAS
You can help add them by filling out this form.


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Hande Kucuk & Pinar Ozlu & Anil Talasli & Deren Unalmis & Canan Yuksel, 2013. "Likidite Yonetimi ve BIST Faiz Farki," CBT Research Notes in Economics 1325, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:tcb:wpaper:1320. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gulhanim Kayatas).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.