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dc.contributor.authorSatıroğlu, Sait
dc.contributor.authorŞener, Emrah
dc.contributor.authorShafer, M.
dc.contributor.authorYıldırım, Y.
dc.date.accessioned2016-02-19T13:47:52Z
dc.date.available2016-02-19T13:47:52Z
dc.date.issued2015-03
dc.identifier.urihttp://hdl.handle.net/10679/3371
dc.identifier.urihttp://onlinelibrary.wiley.com/doi/10.1002/ijfe.1507/abstract
dc.description.abstractThe collapse of the recent housing price bubble precipitated the 2007–2008 financial crisis and caused international funding liquidity to dry up. We investigate how economic policies undertaken by the Federal Reserve and U.S. Treasury around the crisis impacted global liquidity by examining the covered interest rate parity (CIRP) condition. We find that swap lines orchestrated by the Fed, stress test announcements, asset purchase programs, and other economic policy and news events significantly impacted CIRP violations. Our findings indicate that policies undertaken during the crisis helped relieve market frictions in foreign exchange markets and that the impact of these policies differed for developed and emerging markets.
dc.language.isoengen_US
dc.publisherWiley
dc.relation.ispartofInternational Journal of Finance & Economics
dc.rightsrestrictedAccess
dc.titleThe impact of policy decisions on global liquidity during the recent financial crisisen_US
dc.typeArticleen_US
dc.peerreviewedyes
dc.publicationstatuspublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID & YÖK ID 201658) Şener, Emrah
dc.contributor.ozuauthorŞener, Emrah
dc.identifier.volume20
dc.identifier.issue2
dc.identifier.startpage178
dc.identifier.endpage189
dc.identifier.wosWOS:000352577800006
dc.identifier.doi10.1002/ijfe.1507
dc.subject.keywordsCovered interest rate parity
dc.subject.keywordsEconomic policy
dc.subject.keywordsFinancial crisis
dc.subject.keywordsCurrency liquidity
dc.subject.keywordsForeign exchange rates
dc.identifier.scopusSCOPUS:2-s2.0-84926526760
dc.contributor.ozugradstudentSatıroğlu, Sait
dc.contributor.authorMale2


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