Short Term Effects of Quantitative Easing Policies on Turkish Financial Markets

Sıtkı Sönmezer
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Sıtkı Sönmezer: Beykent University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2014, vol. 29, issue 101, 38-52

Abstract: In this study, effects of the announcements made by FED regarding with quantitative easing policies on Turkish financial markets are measured. Quantitative Easing announcements are classified into three groups and analyzed as QE 1:11/2008-11/2009, QE 2:8/2010-11/2010, QE 3:8/2012-11/2012. As a result, Quantitative Easing Announcements led foreign and domestic investors to move the prices of Turkish bonds as they are alternative instruments, however, when the announcement is expected, it has been seen that information had already been reflected in prices and no significant effect is found.

Keywords: Quantitative Easing; Stock Markets; Interest Rate; Bonds (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:29:y:2014:i:101:p:38-52

DOI: 10.33203/mfy.519254

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