Academic Journal
Estimating The Term Structure of Interest Rates: A Case of Turkey (1990 - 2001)
| العنوان: | Estimating The Term Structure of Interest Rates: A Case of Turkey (1990 - 2001) |
|---|---|
| المؤلفون: | KARADENİZ, Erdinç, BERKMAN, Ayberk Nuri |
| المصدر: | Volume: 4, Issue: 2 1-10 ; 1308-4208 ; 1308-4216 ; Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| بيانات النشر: | Ömer Halisdemir Üniversitesi |
| سنة النشر: | 2011 |
| المجموعة: | DergiPark Akademik (E-Journals) |
| مصطلحات موضوعية: | Term structure,Interest rates,Nelson/Siegel model,Swenson model,Treasury bills, Faiz oranları,vade yapısı,Nelson/Siegel modeli,Swenson modeli,Hazine bonosu |
| الوصف: | This study estimates the term structure of interest rates with treasury bills. A transformed model is used for this measurement. In the empirical model, volatility of 12 month maturity treasury bills are used for dependent variable, and volatility of 1, 3, 6 month maturity treasury bills are used for independent variables. Due to macroeconomic policy, treasury bills interest rates and maturities carry a high volatility but, the evidence of this study supported theory of the term structure suggestions such as equivalent volatility of different maturities. ; Bu çalışada, hazine bonosu faiz oranlarıı vade yapııhesaplanmaktadı. Bunun için dönüşürülmüşbir modelden faydalanımışı. Ampirik modelde; 12 ay vadeli hazine bonolarıı volatilitesi bağılıdeğşen, 6, 3 ve 1 ay vadeli hazine bonolarıı volatilitesi ise bağısı değşen olarak kullanımışı. Makroekonomik politikalar sonucu olarak hazine bonosu faiz oranlarıyüksek volatiliteye sahip olmakla birlikte, bu çalışanı sonuçlarıfarklıvadelerin eşeğr volatilitesi gibi bir vade yapııönerileri teorisini destekler niteliktedir. |
| نوع الوثيقة: | article in journal/newspaper |
| وصف الملف: | application/pdf |
| اللغة: | Turkish |
| Relation: | https://dergipark.org.tr/tr/download/article-file/185008; https://dergipark.org.tr/tr/pub/niguiibfd/issue/19749/211372 |
| الاتاحة: | https://dergipark.org.tr/tr/pub/niguiibfd/issue/19749/211372 |
| رقم الانضمام: | edsbas.2E140A10 |
| قاعدة البيانات: | BASE |
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