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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

Author

Listed:
  • 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.

Suggested Citation

  • Tokel, Omer Emre & Yucel, Eray M., 2009. "Does Internet access to official data display any regularity: case of the Electronic Data Delivery System of the Central Bank of Turkey," MPRA Paper 15704, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:15704
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    File URL: https://mpra.ub.uni-muenchen.de/15704/1/MPRA_paper_15704.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. O. Emre Tokel & M. Eray Yucel, 2009. "Click to Download Data : An Event Study of Internet Access to Economic Statistics," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 9(2), pages 1-22.

    More about this item

    Keywords

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

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    NEP fields

    This paper has been announced in the following NEP Reports:

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