Central Bank Review最新文献_第6页

Analysis of the impacts of safeguard actions: Evidence from Turkey 保障措施影响分析:来自土耳其的证据

IF 2.8

Central Bank Review Pub Date : 2022-03-01 DOI: 10.1016/j.cbrev.2022.03.002

Volkan Sezgin Ph.D.

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引用次数: 0

Factors determining the location decision: Analysis of location choice preferences of the ICI-1000 companies with the nested logit model 区位决策的影响因素:基于嵌套logit模型的ICI-1000企业区位选择偏好分析

IF 2.8

Central Bank Review Pub Date : 2022-03-01 DOI: 10.1016/j.cbrev.2022.03.001

Büşra Akın , Ümit K. Seyfettinoğlu

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引用次数: 5

Consumer loan rate dispersion and the role of competition: Evidence from Turkish banking industry 消费贷款利率分散与竞争作用:来自土耳其银行业的证据

IF 2.8

Central Bank Review Pub Date : 2022-03-01 DOI: 10.1016/j.cbrev.2022.01.001

Selva Bahar Baziki , Yavuz Kılıç , Muhammed Hasan Yılmaz

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引用次数: 0

Potential growth in Turkey: Sources and trends 土耳其的潜在增长:来源和趋势

IF 2.8

Central Bank Review Pub Date : 2022-03-01 DOI: 10.1016/j.cbrev.2022.01.002

Orhun Sevinç , Ufuk Demiroğlu , Emre Çakır , E. Meltem Baştan

引用次数: 2

Can central bank speeches predict financial market turbulence? Evidence from an adaptive NLP sentiment index analysis using XGBoost machine learning technique 央行讲话能预测金融市场动荡吗?使用XGBoost机器学习技术的自适应NLP情绪指数分析的证据

IF 2.8

Central Bank Review Pub Date : 2021-12-01 DOI: 10.1016/j.cbrev.2021.12.002

Anastasios Petropoulos, Vasilis Siakoulis

{"title":"Can central bank speeches predict financial market turbulence? Evidence from an adaptive NLP sentiment index analysis using XGBoost machine learning technique","authors":"Anastasios Petropoulos, Vasilis Siakoulis","doi":"10.1016/j.cbrev.2021.12.002","DOIUrl":"10.1016/j.cbrev.2021.12.002","url":null,"abstract":"<div><p>Central Bank speeches usually function as aggregators of internal quantitative and qualitative analysis of the institutions regarding the macro economy, the monetary policy and the health of the financial systems. Speeches usually function as a summary of the current status of a countries economic health, the undergoing trends and some future perspectives of the global economy. In this study departing from classical econometrics we employ natural language processing technologies in combination with machine learning techniques in order to filter out the most important signals in the corpus of speeches and translate into a sentiment index for forecasting the future financial markets behaviour. In our analysis, it is evident that central banker's expectations on economy tend to exhibit a predictive ability for financial markets turmoil. Using a combination of dictionaries which are either predefined or build based on historical speeches of the corpus we train an Extreme Gradient Boosting model that generates a sentiment index which signals turmoil with acceptable accuracy when passing a specific threshold.</p></div>","PeriodicalId":43998,"journal":{"name":"Central Bank Review","volume":"21 4","pages":"Pages 141-153"},"PeriodicalIF":2.8,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1303070121000329/pdfft?md5=8282b5122d51e90542e902eb362fe52a&pid=1-s2.0-S1303070121000329-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77116489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 11

Liquidity transformation, collateral assets and counterparties 流动性转化，抵押资产和交易对手

IF 2.8

Central Bank Review Pub Date : 2021-12-01 DOI: 10.1016/j.cbrev.2021.09.001

Calebe de Roure , Nick McLaren

引用次数: 0

Covid 19 and the Turkish labor market: Heterogeneous effects across demographic groups 2019冠状病毒病与土耳其劳动力市场:不同人口群体的异质性影响

IF 2.8

Central Bank Review Pub Date : 2021-12-01 DOI: 10.1016/j.cbrev.2021.12.003

Altan Aldan, Muhammet Enes Çıraklı, Huzeyfe Torun

引用次数: 5

The impacts of international capital flows on household credits 国际资本流动对家庭信贷的影响

IF 2.8

Central Bank Review Pub Date : 2021-12-01 DOI: 10.1016/j.cbrev.2021.12.001

Bilal Çayır

{"title":"The impacts of international capital flows on household credits","authors":"Bilal Çayır","doi":"10.1016/j.cbrev.2021.12.001","DOIUrl":"10.1016/j.cbrev.2021.12.001","url":null,"abstract":"<div><p>This paper investigates the association between international capital flows (foreign direct investment and portfolio investments) and household credits using quarterly data for Turkey from 2005 to 2020. The Turkish financial market is a suitable sample due to Turkey's highly open economic structure to global markets and because of the country's strong demand dynamics. This study also employs a set of control variables in line with the existing literature and country-specific dynamics that might be related with household credit growth. Empirical findings show that (1) there is a unidirectional causal linkage from FDI and interest rates to household credits, (2) FDI and portfolio investments positively affect household credits in the long-run, (3) short-term results suggest a negative relationship between FDI and credit growth and (4), based on the results from the error correction model, a deviation in the household credit market is stabilized by 23.6% each quarter in order to achieve long-run equilibrium. The overall results of this study suggest that encouraging FDI inflows and thus accelerating the technological transformation of domestic markets may contribute to the development of the household credit market and indirectly to the welfare of households in Turkey.</p></div>","PeriodicalId":43998,"journal":{"name":"Central Bank Review","volume":"21 4","pages":"Pages 131-140"},"PeriodicalIF":2.8,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1303070121000317/pdfft?md5=2d710c66191bed4810042ee27a4aeed4&pid=1-s2.0-S1303070121000317-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79654793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Heterogeneous provincial prices and monetary policy in South Africa: A wavelet-based quantile regression analysis 南非异质性省级价格与货币政策:基于小波的分位数回归分析

IF 2.8

Central Bank Review Pub Date : 2021-09-01 DOI: 10.1016/j.cbrev.2021.06.001

Abdul-Aziz Iddrisu , Imhotep Paul Alagidede

引用次数: 2

Domestic demand and exports: Evidence from Turkish firms 国内需求和出口:来自土耳其公司的证据

IF 2.8

Central Bank Review Pub Date : 2021-09-01 DOI: 10.1016/j.cbrev.2021.07.001

Selçuk Gül

引用次数: 0