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Bankacılık ve Finans Bölümü YayınKoleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/400

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Browsing Bankacılık ve Finans Bölümü YayınKoleksiyonu by Author "237965"

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    Citation Count: Özsuca Erenoğlu, E.A.; Acar, E.Ö. (2020). "Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?", World Journal of Applied Economics, Vol.6, No.2, pp.169-176.
    Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?
    (2020) Özsuca Erenoğlu, Ekin Ayşe; Acar, Elif Öznur; 237965; 48566
    After the subprime meltdown, the Federal Reserve focused its attention on US non-farm payroll data in order to pave the way for its fund rate hikes. As time went by,the Federal Reserve deemed particularly one sub-component of this data, namely theincrements on average weekly wage growth as a proxy for inflation and thus a plausibleexplanation for raising the interest rates. In that aspect, we decide to elaborate on thisissue further and examine whether this implemented strategy indeed had a reflection inthe real market. For doing so, we intend to determine whether there is any causalityrelation in either direction between US average weekly wage increases and 10-yearTreasury Bond rates. We utilize the Toda-Yamamoto causality approach and comeup with a statistically significant result between wages and bond rates. For robustness,we also consider the unemployment rate and consumption expenditures as independentvariables.
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    Citation Count: Akdoğan, Ece C.; Özşuca, Ekin Ayşe, "Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey", Zbornik Radova Ekonomskog Fakulteta U Rijeci-Proceedings of Rijeka Faculty of Economics, Vol. 37, No. 1, pp. 303-325, (2019).
    Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey
    (Univ Rijeka Fac Economics, 2019) Akdoğan, Ece Ceylan; Özşuca, Ekin Ayşe; 237965
    The massive ,financial liberalization followed by accelerating financial globalization leaded to significant structural changes in the financial sector: Since financial institutions play a dominant role in functioning of financial sector, especially in emerging markets where banking industries are generally among the most sensitive sectors to increased interconnectedness of financial markets, haw financial globalization actually affects the efficiency of financial intermediation is a vital question. However; although there exists plenty of research focusing on financial integration, impacts of financial globalization is untouched. Hence, this study investigates the bank profitability effects of financial globalization through focusing on an emerging market, Turkey and searches for any potential differences that may prevail among banks with different ownership structures. The findings indicate that while the market based profitability measures improve with financial globalization, the accounting based measures deteriorate pinpointing to an over optimism in the market which in turn brings in mispricing problems. Besides, ownership structure is found to affect the market based measures where banks with domestic and private ownerships are found to benefit more. However; since no significant distinction could be detected among any of the ownership compositions for accounting based profitability measures, such misappraisals seem to foster the optimism in the market.