This paper uses over-the-counter currency options data to investigate market expectations on Turkish Lira-U.S. Dollar exchange rate. We extract option implied density functions to examine the evolution of market sentiment ...

Through the regional economic and political integrations, developing states may reach the ability to counter the negative consequences of the liberalization. Taking a greater responsibility and power in the regional ...

In this study, the basic macro economics indications such as import, export and inflation are taken into account as variables to examine their relation with corruption. By getting use of the data obtained from CPI index; ...

For less developed countries, having short-term economic crisis is one of the most fundamental problems for the last 10-15 years. It is not an unusual event when we consider the crisis that has happened in less developed ...

Savings problem has become a crucial issue since it is one of the reasons of today’s frequently-observed-financial crisis. There are several theories explaining this problem in the framework of consumption theory. Inequality ...

This paper attempts an assessment of the relative importance of various shocks in accounting for output fluctuations in MENA countries. We decomposed macroeconomic shocks into country-specific, regional, and global sources, ...

This study aims to analyze the relationship between income distribution and economic growth. It also investigates any certain level of income distribution which provides maximum economic growth. The Gini coefficients and ...

The industrialized world has been undergoing a recession, a pronounced deceleration of economic activity in the United States in December 2007. There was optimistic air in world markets before the crises. The oil price ...

Abstract Democracy is not only a term defining a political system but also a political principle governing the course of the rule of law, delivery of goods, constitutionalism and relations with other countries. Democracy ...