Working Papers
ERF Working papers are a quick and efficient way of sharing research work to disseminate knowledge, receive feedback, obtain preliminary recognition, and ultimately, to prepare publications.
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The Impact of Automation on Liquidity, Volatility, Stock Returns and Efficiency: Evidence from the Tunisian Stock Market
This paper studies the impact of Tunis stock exchange automation on liquidity, volatility and stock... Read More
Dvidend Signaling Hypothesis and Short-Term Asset Concentration of Islamic Interest-free Banking
This paper finds that dividend signaling hypothesis is able to explain the phenomenon of assets... Read More
Before The Fall Was The Turkish Lira Overvalued?
This paper examines validity of purchasing power parity to evaluate whether the Turkish Lira was... Read More
Does the Exchange Rate Regime Affect Expectation Formation in the Foreign Exchange Market? The Case of a Currency that is Pegged to a Basket
An attempt is made to identify the expectation formation mechanism dominating the foreign exchange market... Read More
Liberalization, Ownership and Productivity in Turkish Banking
This paper examines productivity developments in public, private and foreign banks operating in Turkey over... Read More
Financial Distress and Bank Performance: Turkish Experience
Turkey experienced a severe financial crisis in 1994 that resulted in a record level economic... Read More
The Relationship of Earnings and Book Values to Equity Values: Evidence from Turkey
In this study, we examine factors associated with equity valuation in a newly emerging market,... Read More
Impact of Israeli Measures on Palestinian Child Labor and Schooling
The objective of this paper is to study the determinants that make the Palestinian children... Read More
Interest Free and Interest-Bearing Money Demand: Policy Invariance and Stability
This paper, using quarterly Iranian data for the period 1966-1998, extends the literature by investigating... Read More