Content
January 2008, Volume 44, Issue 1
- 95-116 Mispricing of Research and Development Investments in a Rapidly Emerging and Electronics-Dominated Market
by Chaoshin Chiao & Weifeng Hung & Cheng F. Lee - 117-130 Predicting Bank CAMELS and S&P Ratings: The Case of the Czech Republic
by Alexis Derviz & JiÅÃ Podpiera
November 2007, Volume 43, Issue 6
- 3-5 Guest Editor's Introduction
by David Hauner - 6-24 Revenue Volatility and Fiscal Risks: An Application of Value-at-Risk Techniques to Hong Kong's Fiscal Policy
by Nathan Porter - 25-44 Measuring the Performance of Fiscal Policy in Russia
by Antonio Spilimbergo - 45-66 Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior
by Albert Jaeger & Ludger Schuknecht - 67-86 Fiscal Consolidation in Israel: A Global Fiscal Model Perspective
by Selim Elekdag & Natan Epstein & Marialuz Moreno-BadÃa - 87-112 Fiscal Discipline and Exchange Rate Arrangements: Evidence from the Caribbean
by Rupa Duttagupta & Guillermo Tolosa
October 2007, Volume 43, Issue 5
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-19 Macroeconomic Variables and the Housing Market in Turkey
by Ramazan Sari & Bradley T. Ewing & Bahadir Aydin - 20-36 The Effect of the Iraq War on Foreign Bank Lending to the MENA Region
by H. Evren Damar - 37-61 Price Comovement and Institutional Performance Following Large Market Movements
by Anchor Y. Lin & Lin-Shang Huang & Mei-Yuan Chen - 62-77 Corporate Governance, Managers' Independence, Exporting, and Performance of Firms in Transition Economies
by Igor Filatotchev & Natalia Isachenkova & Tomasz Mickiewicz - 78-91 Earnings Management in IPO Lockup and Insider Trading: Evidence from Taiwan
by Chih-Jen Huang & Chung-Gee Lin
August 2007, Volume 43, Issue 4
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-23 Are Ratings Consistent with Default Probabilities?: Empirical Evidence on Banks in Emerging Market Economies
by Christophe J. Godlewski - 24-45 The Momentum Effect in Latin American Emerging Markets
by Luis Muga & Rafael SantamarÃa - 46-73 Technical Trading Rules in Emerging Markets and the 1997 Asian Currency Crises
by Michael D. McKenzie - 74-92 Are There Benefits from Trading Strategy Based on the Returns Spillovers to the Emerging Stock Markets?: Evidence from Poland
by Janusz Brzeszczynski & Aleksander Welfe - 93-102 Small Business Reliance on Bank Financing in Ghana
by Joshua Abor & Nicholas Biekpe
June 2007, Volume 43, Issue 3
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-15 On Fixed and Variable Fiscal Surplus Rules
by Erdem Basci & M. Fatih Ekinci & Murat Yulek - 16-33 Firm Performance and CEO Reputation Costs: New Evidence from the Venezuelan Banking Crisis
by Urbi Garay & Maximiliano González & Carlos A. Molina - 34-57 Capital Market Integration in the Middle East and North Africa
by Thomas Lagoarde-Segot & Brian M. Lucey - 58-102 Stock Market Turmoil: Worldwide Effects of Middle East Conflicts
by Viviana Fernandez
April 2007, Volume 43, Issue 2
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-18 A Portfolio's Country Exposure Management: The Case of Latin American Mutual Funds
by Javier RodrÃguez - 19-32 Determinants of Spanish Foreign Direct Investment in Morocco
by Diego Quer & Enrique Claver - 33-62 Has the Reform of Nontradable Shares Raised Prices?: An Event-Study Analysis
by Licheng Feng & Weihe Xu - 63-81 Business Groups and Internal Capital Markets
by Halit Gonenc & Ozgur B. Kan & Ece C. Karadagli - 82-101 Alternative Monetary Policy Rules in the Turkish Economy Under an Inflation-Targeting Framework
by Vuslat Us
February 2007, Volume 43, Issue 1
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-34 Sources of Fluctuations: The Case of MENA
by Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose - 35-63 Assessing Economic and Fiscal Reforms in Lebanon: A Dynamic CGE Analysis with Debt Constraints
by Bernd Lucke & Beatriz Gaitan Soto & Jacopo Zotti - 64-73 Money and Productive Efficiency: Evidence from a High-Inflation Country
by Erdem BaÅçi & Syed F. Mahmud & Eray M. Yucel - 74-97 Price-Formation Process of an Emerging Futures Market: Call Auction Versus Continuous Auction
by Mei-Hsing Cheng & Hsin-Hong Kang
December 2006, Volume 42, Issue 6
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-24 The Benefit of Excluding Institutional Investors from Fixed-Price IPOs: Evidence from Taiwan
by Anlin Chen & Lanfeng Kao - 25-45 Integration Between the Baltic and International Stock Markets
by Per-Ola Maneschiöld - 46-58 An Assessment of the Currency Board Regime in Bosnia and Herzegovina
by Nadja Kamhi & Vivek H. Dehejia - 59-76 Fisher Hypothesis Revisited: A Fractional Cointegration Analysis
by Saadet Kasman & Adnan Kasman & Evrim Turgutlu - 77-88 Income Inequality, Growth, and the Enlargement of the European Union
by Yešim Kuštepeli
October 2006, Volume 42, Issue 5
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-27 Intraindustry Trade and Labor Market Adjustment in Turkey: Another Piece of Puzzling Evidence?
by Guzin Erlat & Haluk Erlat - 28-60 Inward FDI and Financial Constraints in Central and East European Countries
by Aleksander Rutkowski - 61-80 Who Is Still Haunted by the Specter of Communism?: Explaining Relative Output Contractions Under Transition
by Julian Berengaut & Katrin Elborgh-Woytek - 81-102 The Expiration Effects of Stock-Index Derivatives: Empirical Evidence from the Taiwan Futures Exchange
by Heng Chih Chou & Wei Ning Chen & Dar Hsin Chen
July 2006, Volume 42, Issue 4
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-18 Exchange Rate Overshooting in East Asian Countries
by Mohsen Bahmani-Oskooee & Nisit Panthamit - 19-49 Dividend Policies and Price-Volume Reactions to Cash Dividends on the Stock Market: Evidence from the Istanbul Stock Exchange
by Amustafa Kemal Yilmaz & Guzhan Gulay - 50-77 How Do Political and Economic News Affect Emerging Markets? Evidence from Argentina and Turkey
by Zeynep Ãnder & Can Åimga-Mugan - 78-89 Volatility Spillover in Regional Emerging Stock Markets: A Structural Time-Series Approach
by Talla Al-Deehani & Imad A. Moosa
May 2006, Volume 42, Issue 3
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-28 Finance and Macroeconomic Performance. Some Evidence for Emerging Markets
by Ali F. Darrat & Khaled Elkhal & Brent McCallum - 29-45 Misaligned? Overvalued?. The Untold Story of the Turkish Lira
by Deniz Atasoy & Sweta C. Saxena - 46-65 Mergers in India. A Response to Regulatory Shocks
by Manish Agarwal & Aditya Bhattacharjea - 66-90 Determination of Executive Compensation in an Emerging Economy. Evidence from India
by Arijit Ghosh - 91-97 The Trading Volume of Currency Options and the Spot Exchange Rate
by Yaffa Machnes
April 2006, Volume 42, Issue 2
- 3-3 Editor's Introduction
by Ali M Kutan - 4-17 Volatility Spillovers and Contagion During the Asian Crisis: Evidence from Six Southeast Asian Stock Markets
by Kanokwan Chancharoenchai & Sel Dibooglu - 18-62 Asian Pacific Stock Market Volatility Modeling and Value at Risk Analysis
by Ender Su & Thomas W. Knowles - 63-92 Emerging Derivatives Markets: The Case of Chile
by Viviana Fernandez - 93-103 Can China Help Lower World Inflation?: A Panel Study
by Cuneyt Koyuncu & Rasim Yilmaz
February 2006, Volume 42, Issue 1
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-32 The Turkish Crisis of 2001: A Classic?
by Cem Akyurek - 33-49 Do Latin American Countries Have an Incentive to Default on Their External Debts?: A Perspective Based on Long-Run Current Account Behavior
by Mark J. Holmes - 50-61 Patience Extracts Sugar from a Lemon: Buy and Hold with a Classifier System in the Istanbul Stock Exchange
by Hakan Aksoy & Ismail Saglam - 62-88 Margins and Price Limits in Taiwan's Stock Index Futures Market
by Pin-Huang Chou & Mei-Chen Lin & Min-Teh Yu
November 2005, Volume 41, Issue 6
- 3-6 Guest Editor's Introduction
by Sumon Kumar Bhaumik - 7-44 Testing Predictability and Nonlinear Dependence in the Indian Stock Market
by Nityanda Sarkar & Debabrata Mukhopadhyay - 45-57 Underpricing of Initial Public Offerings: The Indian Experience
by Saurabh Ghosh - 58-82 Disappearing Dividends in Emerging Markets?: Evidence from India
by Y. Subba Reddy & Subhrendu Rath - 83-108 Ownership Concentration and Firm Value: A Study from the Indian Corporate Sector
by Ekta Selarka
October 2005, Volume 41, Issue 5
- 3-5 Guest Editor's Introduction
by Hung-Gay Fung - 6-26 Floating the Nonfloatables in China's Stock Market: Theory and Design
by Alan Guoming Huang & Hung-Gay Fung - 28-42 Performance of Securities Investment Funds in China
by Xiaoqing Eleanor Xu - 43-55 Institutional Interventions and Performance of Futures Markets in China
by Leo H. Chan & Kam C. Chan & Wai K. Leung - 56-74 Fiscal Deficit and Debt Conditions for China
by Yingqiu Liu & Hung-Gay Fung & Zijun Wang - 75-82 Asian Financial Cooperation: Priority to Develop Bilateral Bond Markets
by Changhong Pei
August 2005, Volume 41, Issue 4
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-19 Electronic Trading and Market Efficiency in an Emerging Market: The Case of the Jordanian Capital Market
by Aktham Maghyereh - 20-37 Trade and Industrial Upgrading in Countries of Central and Eastern Europe: Patterns of Scale- and Scope-Based Learning
by Ulrike Hotopp & Slavo Radosevic & Kate Bishop - 38-56 Stock Returns and the Macroeconomic Environment Prior to the Asian Crisis in Selected Southeast Asian Countries
by Kanokwan Chancharoenchai & Sel Diboog¬Lu & Ike Mathur - 57-90 Time-Scale Decomposition of Price Transmission in International Markets
by Viviana Fernandez
May 2005, Volume 41, Issue 3
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-36 Monetary Policy and the Banking Sector in Chile
by Viviana Fernandez - 37-52 Black Market Exchange Rates and Purchasing Power Parity in Emerging Economies
by Mohsen Bahmani-Oskooee & Gour G. Goswami - 53-69 Determinants of Workers' Remittances : The Case of Turkey
by Osman Tuncay Aydas & Kivilcim Metin-Ozcan & Bilin Neyapti - 70-91 The Expectations Hypothesis of the Term Structure : A Look at the Polish Interbank Market
by Panagiotis T. Konstantinou - 92-111 Dynamics of Trade Specialization in Developed and Less Developed Countries
by Julia Wörz
March 2005, Volume 41, Issue 2
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-24 Determinants of Entry Mode Choice of MNCs in Emerging Markets : Evidence from South Africa and Egypt
by Sumon Kumar Bhaumik & Stephen Gelb - 25-40 Bond Premium in Turkey : Inflation Risk or Default Risk?
by Erdem Basçi & Mehmet Fatih Ekinci - 60-81 Efficiency and Scale Economies in Transition Economies : Evidence from Poland and the Czech Republic
by Adnan Kasman - 82-106 Multinational Banks, Credit Risk, and Financial Crises : A Qualitative Response Analysis
by Sotiris K. Staikouras
January 2005, Volume 41, Issue 1
- 3-5 Guest Editor's Introduction
by Güzin Erlat - 6-28 A Comparative Analysis of Productivity Growth, Catch-Up, and Convergence in Transition Economies
by Ertugrul Deliktas & Mehmet Balcilar - 29-44 Stock Price and Volume Relation in Emerging Markets
by Lokman Gündüz & Abdulnasser Hatemi-J - 45-64 A New Composite Leading Indicator for Turkish Economic Activity
by Aslihan Atabek & Evren Erdogan Cosar & Saygin Sahinöz - 65-89 Two Different Export-Oriented Growth Strategies: Accumulation and Distribution in Turkey and South Korea
by Özlem Onaran & Engelbert Stockhammer - 90-109 Effects of International Capital Inflows on the Turkish Economy
by Ahmet Çimenoglu & Nurhan Yentürk
November 2004, Volume 40, Issue 6
- 3-6 Guest Editors' Introduction
by Serdar Sayan & M. Ayhan Kose - 7-27 Business Cycles and Comovement in Mediterranean Economies : A National and Areawide Perspective
by Bernd Süssmuth & Ulrich Woitek - 28-47 Business Cycle Fluctuations in Mediterranean Countries (1960-2000)
by Marco Gallegati & Mauro Gallegati & Wolfgang Polasek - 48-67 Integration and Fluctuations : The Case of MENA
by Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose - 68-81 Guest Workers' Remittances and Output Fluctuations in Host and Home Countries : The Case of Remittances from Turkish Workers in Germany
by Serdar Sayan - 82-94 Real Interest Rates and Productivity Shocks : Why Are Business Cycles Negatively Correlated Between the European Union and Jordan?
by Bernd Lucke - 95-111 A Multisectoral Cofeature Analysis of Fluctuations in the Turkish Economy
by Alpay Filiztekin
September 2004, Volume 40, Issue 5
- 5-24 Strategic Debt with Diverse Maturity in Developing Countries: Industry-Level Evidence from Turkey
by Turan Erol - 25-56 Persistence in Inflation: Does Aggregation Cause Long Memory?
by Mehmet Balcilar - 57-73 Dynamics of the Trade Balance: The Turkish J-Curve
by Elif Akbostanci - 74-91 The CEEC as FDI Attractors: A Menace to the EU Periphery?
by Aurora Galego & Carlos Vieira & Isabel Vieira
July 2004, Volume 40, Issue 4
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-19 IMF Programs and Financial Liberalization in Turkey
by Ayse Y. Evrensel - 20-32 Do Capital Flows Improve Macroeconomic Performance in Emerging Markets? : The Turkish Experience
by Hakan Berument & N. Nergiz Dincer - 33-52 International Transmission of Stock Returns and Volatility : Empirical Comparison Between Friends and Foes
by Taufiq Choudhry - 53-62 The Day-of-the-Week Effect in Stock Returns : Further Evidence from Eastern European Emerging Markets
by Richard A. Ajayi & Seyed Mehdian & Mark J. Perry - 63-83 Credit Constraints and Profitability : Evidence from a Transition Economy
by Marian Rizov - 84-100 The Long-Run Validity of the Monetary Exchange Rate Model for a High Inflation Country and Misalignment : The Case of Turkey
by Irfan Civcir - 101-114 What Drives Foreign Direct Investment into Emerging Markets? : Evidence from Turkey
by Suleyman Tulug Ok
May 2004, Volume 40, Issue 3
- 3-9 Conditionality and Effectiveness of IMF Programs in Emerging Economies
by Ayse Y. Evrensel - 10-25 IMF Conditionality and Program Ownership : A Case for Streamlined Conditionality
by S. Nuri Erbas - 26-54 The Causes and Consequences of IMF Conditionality
by Axel Dreher & Roland Vaubel - 55-83 Compliance with IMF Program Indicators and Growth in Transition Economies
by Valerie Mercer-Blackman & Anna Unigovskaya - 84-100 Anatomy of a Failed IMF Program : The 1999 Program in Turkey
by Gökhan Çapog¬Lu
March 2004, Volume 40, Issue 2
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-26 Economic Transition and the Sectoral Patterns of Foreign Direct Investment
by Peter Walkenhorst - 27-50 The Intra-Industry Trade of the Czech Republic in the Economic Transition
by Karel Janda & Daniel Münich - 51-70 On Types of Trade, Adjustment of Labor, and Welfare Gains During Asymmetric Liberalizations
by Yener Kandogan - 71-82 Forecasting Inflation in Emerging Markets by Using the Phillips Curve and Alternative Time Series Models
by A. Özlem Önder - 83-90 Trends in Workers' Remittances : A Worldwide Overview
by Bilin Neyapti
January 2004, Volume 40, Issue 1
- 0 The New International Trade Regime in Telecommunication Services and Network Modernization in Transition Economies
by Peter Cowhey & Mikhail M. Klimenko - 5-34 Effects of Price Limits on Volatility: Evidence from the Istanbul Stock Exchange
by Recep Bildik & Selim Elekdag - 35-58 Turkmenistan The Burden of Current Agricultural Policies
by Gonzalo Pastor & Ron Van Rooden - 95-103 Predicting Currency Crises: Evidence from Two Transition Economies
by Costas Karfakis & Demetrios Moschos
November 2003, Volume 39, Issue 6
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-38 Measuring Intra-Industry and Marginal Intra-Industry Trade : The Case for Turkey
by Güzin Erlat & Haluk Erlat - 39-53 Increasing Integration Between the United States and Other International Stock Markets? : A Recursive Cointegration Analysis
by Jian Yang & Moosa M. Khan & Lucille Pointer - 54-70 Application of Cyprus to the European Union and the Cyprus Problem
by Kamil Sertoglu & Ilhan Ozturk
September 2003, Volume 39, Issue 5
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-26 On the Role of the International Monetary Fund in the Post-Communist Transformation of Georgia
by Vladimer Papava - 27-57 Transit Transport Between the European Union and Russia in Light of Russian Geopolitics and Economics
by Juhani Laurila - 58-82 What Was Behind the Delay in the Bulgarian Privatization Process? : Determining Incentives and Barriers of Privatization as a Way of Foreign Entry
by Aristidis Bitzenis - 83-110 Privatization in Emerging Markets : The Case of Turkey
by Can Simga-Mugan & Ayse Yüce
July 2003, Volume 39, Issue 4
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-23 Economic Uncertainty and Credit Crunch : Evidence from an Emerging Market
by Seza Danisog¬Lu Rhoades & Z. Nuray Güner - 24-39 Political Business Cycles in the Parliamentary Systems : Evidence from Turkey
by Funda Telatar - 40-57 Motives for Retailer Internationalization to Central and Eastern Europe
by Ekrem Tatoglu & Mehmet Demirbag & Gokhan Kaplan - 58-81 Analyzing the Persistence of Currency Substitution Using a Ratchet Variable : The Turkish Case
by Vuslat Us
May 2003, Volume 39, Issue 3
- 3-4 Editor's Introduction
by Ali M. Kutan - 5-26 Financial Globalization, the Democratic Deficit, and Recurrent Crises in Emerging Markets : The Turkish Experience in the Aftermath of Capital Account Liberalization
by C. Emre Alper & Ziya Onis - 27-41 Tax Offsets or Netting Operations in Post-Soviet Public Finance
by John E. Anderson - 42-78 Price Dynamics in Central and Eastern European EU Accession Countries
by Peter Backé & Jarko Fidrmuc & Thomas Reininger & Franz Schardax - 79-104 The Russian Financial Crisis and Its Consequences for Central Asia
by Gonzalo Pastor & Tatiana Damjanovic
March 2003, Volume 39, Issue 2
- 3-4 Guest Editor's Introduction
by Guzin Erlat - 5-46 Multifractality of the Istanbul and Moscow Stock Market Returns
by Mehmet Balcilar - 47-69 Financial Development and Economic Growth in Corporatist and Liberal Market Economies
by Michael Graff - 70-97 The Nature of Persistence in Turkish Real Exchange Rates
by Haluk Erlat - 98-113 Efficiency in the Manufacturing Industry of Selected Provinces in Turkey : A Stochastic Frontier Analysis
by A. Özlem Önder & Ertug¬Rul Deliktas & Aykut Lenger
January 2003, Volume 39, Issue 1
- 3-7 Guest Editor's Introduction
by Teresa Ter-Minassian - 8-23 Budget System Reform in Transitional Economies : The Experience of Russia
by Jack Diamond - 24-42 Fiscal Policy Beyond the Budget : Quasi-Fiscal Activities in the Energy Sectors of the Former Soviet Union
by Martin Petri & Günther Taube - 43-62 Fiscal Adjustment in Transition : Evidence from the 1990s
by Catriona Purfield - 63-85 Macroeconomic Management and the Devolution of Fiscal Powers
by Paulo Drummond & Ali Mansoor - 86-113 The Role of Medium-Term Fiscal Frameworks for Transition Countries : The Case of Bulgaria
by Balázs Horváth & István P. Székely
December 2002, Volume 38, Issue 6
- 3-5 Guest Editor's Introduction
by Gulnur Muradoglu & Fatma Taskin - 6-25 Equity Ownership Structure, Risk Taking, and Performance: An Empirical Investigation in Turkish Listed Companies
by Güner Gürsoy & Kürșat Aydoğan - 26-46 Information and Volatility: Evidence from an Emerging Market
by Nuray Güner & Zeynep Önder - 47-77 An Investigation of the Day-of-the-Week Effect on Stock Returns in Turkey
by Riza Demirer & M. Baha Karan - 78-99 The Performance of the Istanbul Stock Exchange during the Russian Crisis
by Aydin Yüksel
October 2002, Volume 38, Issue 5
- 3-5 Guest Editor's Introduction
by Gulnur Muradoglu & Fatma Taskin - 6-22 Financial Liberalization in Turkey: Why Was the Impact on Growth Limited?
by Fatih Özatay & Güven Sak - 23-45 Simulation of Benefits and Risks after the Planned Privatization of the Pension System in Turkey: Is the Expected Boost to Financial Markets Feasible?
by Ahmet Tuncay Teksoz & Serdar Sayan - 46-71 Effects of Foreign Trade Liberalization on the Productivity of Industrial Sectors in Turkey
by Güzin Bayar - 72-103 The Impact of the Liberalization Program on the Price-Cost Margin and Investment of Turkey's Manufacturing Sector after 1980
by Kivilcim Metin-Özcan & Ebru Voyvoda & Erinç Yeldan
August 2002, Volume 38, Issue 4
- 5-7 Guest Editor's Introduction
by Guzin Erlat - 9-23 Macroeconomic Information and the Role of Banks in Its Transmission: Evidence from Turkey
by Hasan Ersel - 25-58 Business Cycles, Excess Volatility, and Capital Flows: Evidence from Mexico and Turkey
by C. Emre Alper - 59-85 A Comparative Investigation of the Price Competitiveness of Turkish and Southeast Asian Exports in the European Union Market, 1990-1997
by Zelal Kotan & Serdar Sayan