... and fat‐tails. Alper Ozun can be contacted at: A.ozun@Brad.ac.uk © Emerald Group Publishing Limited 2010 Stock returns Emerging markets Risk assessment Stock exchanges Turkey Estimating losses of financial instruments has become a crucial task for market risk management...

... running from future exchange‐rate market to spot market implying that foreign‐exchange markets have informational efficiency in Turkey. Originality/value The paper has originality in both employing Bounds test and Toda‐Yamamoto test to examine the relationship between spots and derivative markets...

... predictive techniques for providing early warnings to regulatory agencies. The purpose of this study is to propose a new technique to prevent future crises, with reference to the last banking crises in Turkey. Design/methodology/approach ANN is utilized as an inductive algorithm in discovering predictive...

..., low trade and the fixed exchange rate policy significantly increased the bank fragility. Research implications/limitations For further research this paper may better distinguish contagion if it uses economic and financial ties from Turkey that are practically susceptible to bank failure in North...

... as an increase in the percentage of FX liabilities in total liabilities. Assets management Liability Financial management Banking Turkey Internationalization and financial integration and have increased the possibility of financial contagion among emerging and developed countries. The recent...