THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST

Volume: 2 Number: 1 March 29, 2015
Journal of Economics Finance and Accounting Cover
Journal of Economics Finance and Accounting
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THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST

Abstract

an important issue both for policy makers and financial investors. In this context this study investigates the impact of monetary policy decisions on the stock prices during the period of inflation targeting. We used Johansen cointegration test and VAR/VEC methods in order to analyze the relationships between various BIST stock indices, overnight interbank interest rate, and USD-Turkish Lira exchange rate. Results demonstrate that interest rate shocks impact stock prices negatively and this impact is permanent.

Keywords

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Primary Language

English

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Journal Section

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Authors

Publication Date

March 29, 2015

Submission Date

October 20, 2015

Acceptance Date

-

Published in Issue

Year 2015 Volume: 2 Number: 1

IZ

https://izlik.org/JA83KK45NG

Cite

RIS / Bibtex
APA
Ozdemir, A. K., & Otluoglu, E. (2015). THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST. Journal of Economics Finance and Accounting, 2(1). https://izlik.org/JA83KK45NG
AMA
1.Ozdemir AK, Otluoglu E. THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST. JEFA. 2015;2(1). https://izlik.org/JA83KK45NG
Chicago
Ozdemir, Ahmet Kerem, and Emir Otluoglu. 2015. “THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST”. Journal of Economics Finance and Accounting 2 (1). https://izlik.org/JA83KK45NG.
EndNote
Ozdemir AK, Otluoglu E (October 1, 2015) THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST. Journal of Economics Finance and Accounting 2 1
IEEE
[1]A. K. Ozdemir and E. Otluoglu, “THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST”, JEFA, vol. 2, no. 1, Oct. 2015, [Online]. Available: https://izlik.org/JA83KK45NG
ISNAD
Ozdemir, Ahmet Kerem - Otluoglu, Emir. “THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST”. Journal of Economics Finance and Accounting 2/1 (October 1, 2015). https://izlik.org/JA83KK45NG.
JAMA
1.Ozdemir AK, Otluoglu E. THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST. JEFA. 2015;2. Available at https://izlik.org/JA83KK45NG.
MLA
Ozdemir, Ahmet Kerem, and Emir Otluoglu. “THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST”. Journal of Economics Finance and Accounting, vol. 2, no. 1, Oct. 2015, https://izlik.org/JA83KK45NG.
Vancouver
1.Ahmet Kerem Ozdemir, Emir Otluoglu. THE IMPACT OF MONETARY POLICY DECISIONS ON THE STOCK PRICES DURING THE PERIOD OF INFLATION TARGETING: AN EMPRICAL STUDY IN BIST. JEFA [Internet]. 2015 Oct. 1;2(1). Available from: https://izlik.org/JA83KK45NG

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