Finansal krizlerin dinamiklerinin elipsosoidal analiz ve kümeleme metodları aracılığıyla modellenmesi ve anlaşılması


Financial development, financial openness and growth: an empirical investigation
Ünaldı Akgün, Burçin; Özmen, Erdal; Department of Economics (2011)
The economic literature posits that a well-functioning economy requires a well-regulated financial system, and a sound financial system is essential to the fundamentals of an economy, however, even the most influential economists disagree sharply about the role of the finance-growth relationship in economic development. One of the most important questions concerning financial openness is whether it spurs long-run economic growth, and if yes, do these benefits outweigh the risks for developing countries. In ...
The determinants of financial development and private sector credits : evidence from panel data
Söğüt, Erzen; Özmen, Erdal; Department of Economics (2008)
This study investigates the determinants of financial development and private sector credits for a panel of 85 developing and industrial countries using annual data from 1980 to 2006. The results from the panel cross-sectional fixed effects procedure suggest that an increase in the public sector credits and central government debt leads to a decrease in private sector credits in low income and lower middle income counties. For this group of countries, public sector credits, albeit leading to a financial cro...
The Nature of financial innovations : a post-Schumpeterian analysis
Bulgurluoğlu, Pelin; Akdere, Çınla; Department of Economics (2013)
This thesis analyzes the nature of financial innovations by taking a post-Schumpeterian approach. The aim of this thesis is to show that Schumpeter’s analysis of entrepreneurial innovation, which takes place in the real economy, proposes also a theoretical framework for understanding the dynamics of financial innovations. Therefore, it suggests that Schumpeterian notion of innovation can be used as a guide in analyzing the dynamics of financial innovations today. In this respect, through the analysis of fin...
Trade-based manipulation in financial markets
İmişiker, Serkan; Gaygısız Lajunen, Esma; Department of Economics (2013)
The purpose of this thesis is to empirically explore the characteristics of the monetary transmission mechanism, with a particular emphasis on the role of banks, in Turkey. By looking at the banking sector at the micro level and exploiting dynamic panel data modeling approaches, the heterogeneity in banks’ response in terms of their lending and risk-taking to changes in policy interest rates is analyzed. The first essay is an empirical analysis of the bank lending channel of monetary transmission. In this r...
Asset pricing models : stochastic volatility and information-based approaches
Çalışkan, Nilüfer; Hayfavi, Azize; Department of Financial Mathematics (2007)
We present two option pricing models, both different from the classical Black-Scholes-Merton model. The first model, suggested by Heston, considers the case where the asset price volatility is stochastic. For this model we study the asset price process and give in detail the derivation of the European call option price process. The second model, suggested by Brody-Hughston-Macrina, describes the observation of certain information about the claim perturbed by a noise represented by a Brownian bridge. Here we...
Citation Formats
C. İyigün, “Finansal krizlerin dinamiklerinin elipsosoidal analiz ve kümeleme metodları aracılığıyla modellenmesi ve anlaşılması,” 2014. Accessed: 00, 2020. [Online]. Available: