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Publication Restricted Does a credit channel exist in Turkey?(Koç University, 2008) Işık, Zuhal; Demiralp, Selva; 0000-0003-4087-168X; Koç University Graduate School of Social Sciences and Humanities; Economics; 42533Publication Restricted Estimating global sovereign credit risk connectedness(Koç University, 2015) Bostancı, Görkem; Yılmaz, Kamil; 0000-0003-2455-2099; Koç University Graduate School of Social Sciences and Humanities; Economics; 6111Publication Restricted Exchange rate depreciation in Turkey in the spotlight of crisis(Koç University, 2017) Kurtaran, Enver Sait; Demiralp, Selva; 0000-0003-4087-168X; Koç University Graduate School of Social Sciences and Humanities; Economics; 42533Publication Restricted In quest of financial stability : central banking, organizational learning, and proactive governance of financial stability policy in Turkey(Koç University, 2016) Yağcı, Mustafa; Bakır, Caner; 0000-0001-8166-4623; Koç University Graduate School of Social Sciences and Humanities; International Relations; 108141Publication Restricted Optimal deficit finance(Koç University, 2007) Türkyılmaz, M. Oktay; Yılmaz, Kuzey; 0000-0001-6172-5126; Koç University Graduate School of Social Sciences and Humanities; EconomicsPublication Open Access Real-financial connectedness in the Swiss economy(SpringerOpen, 2020) Uluceviz, Erhan; Department of Economics; Yılmaz, Kamil; Faculty Member; Department of Economics; College of Administrative Sciences and Economics; 6111We study macro-financial linkages and their importance within the Swiss economy from a network perspective. First, we investigate the real-financial connectedness in the Swiss economy, using the KOF economic barometer, obtained from real and financial variables, and, the real activity index (RAI), we distilled from a small set of real variables, as two alternative proxies for the real side. Whereas the KOF-barometer-based analysis shows that both sides transmit sizeable shocks to each other without one dominating the other, the RAI-based analysis shows that in the aggregate, the financial side turns out to be the net shock transmitter to the real sector. In the second part, we focus on the relative importance of financial markets as shock propagators using a network centrality measure. We find that 2008–2009 recession in Switzerland and the Swiss National Bank’s (SNB) exchange rate policy changes in 2011 and 2015 have significantly altered the way the shocks are transmitted across the two sides of the economy. During 2009–2011, stock, bond, and foreign exchange (FX) markets, in descending order, played important roles as shock propagators. Following the SNB’s 2015 policy decision to discontinue the lower bound for the EUR/CHF exchange rate, FX market has become equally important as the stock market but more important than the bond market as a shock propagator.Publication Restricted The effect of bank size and bank capital on the bank lending channel for Turkish banks(Koç University, 2010) Meral, Gökhan; Demiralp, Selva; 0000-0003-4087-168X; Koç University Graduate School of Social Sciences and Humanities; Economics; 42533Publication Restricted The importance of external shocks and global monetary conditions for a small-open economy(Koç University, 2019) Tüzün, Gülnihan; Demiralp, Selva; Çakmaklı, Cem; Yeşil, Hande Küçük; 0000-0003-4087-168X; 0000-0002-4688-2788; Koç University Graduate School of Social Sciences and Humanities; Economics; 42533; 107818Publication Restricted Three essays on monetary policy implementation(Koç University, 2019) Güneş, Gökhan Şahin; Demiralp, Selva; 0000-0003-4087-168X; Koç University Graduate School of Social Sciences and Humanities; Economics; 42533