Adverse effects of Interbank funds on bank efficiency: evidence from Turkish banking sector

This paper investigates the relationship between interbank funds and efficiencies is for the commercial banks operating in Turkey between 2001-2006. Data Envelopment Analysis (DEA) is executed to find the efficiency scores of the banks for each year, and fixed effects panel data regression is carried out, with the efficiency scores being the response variable. It is observed that interbank funds (ratio) has negative effects on bank efficiency, while bank capitalization and loan ratio have positive, and profitability has insignificant effects. Our study serves as an illustrative evidence that interbank funds can have adverse effects in an emerging market

Corruption and shadow economy in transition economies of European Union countries: a panel cointegration and causality analysis

Corruption and shadow economy are two critical problems which feed each other and pose an obstacle against the economic development of countries, especially those with weak fundamentals. Central and Eastern European countries have experienced an absolute political and economic transformation after the downfall of the Berlin Wall. This study researches the effect of corruption and rule of law on shadow economy in 11 transition economies of Central and Eastern Europe over the 2003–2015 term with panel cointegration and causality tests considering heterogeneity and cross-sectional dependence. The cointegration coefficients revealed a complementary interplay between size of shadow economy and corruption. Furthermore, the causality analysis indicated that there was a bilateral causality between control of corruption and shadow economy in all the cross-section units. However, there was a two-way causality between rule of law and shadow economy only in Bulgaria, Czech Republic, Poland and Romania. Furthermore, there was one-way causality from rule of law to shadow economy in Croatia, Estonia, Hungary, Slovakia and Slovenia

Assessing the adverse effects of Interbank funds on bank efficiency through using semiparametric and nonparametric methods

This chapter investigates the relationship between interbank funds and efficiencies for the commercial banks operating in Turkey between 2001 and 2006. Data Envelopment Analysis (DEA) is executed to find the efficiency scores of the banks for each year, and fixed effects panel data regression is carried out, with the efficiency scores being the response variable. It is observed that interbank funds (ratio) has negative effects on bank efficiency, while bank capitalization and loan ratio have positive, and profitability has insignificant effects. This chapter serves as novel evidence that interbank funds can have adverse effects in an emerging market

Assessing the adverse effects of interbank funds on bank efficiency through using semiparametric and nonparametric methods

This paper investigates the relationship between interbank funds and efficiencies for the commercial banks operating in Turkey between 2001 and 2006. Data Envelopment Analysis (DEA) is executed to find the efficiency scores of the banks for each year, and fixed effects panel data regression is carried out, with the efficiency scores being the response variable. It is observed that interbank funds (ratio) has negative effects on bank efficiency, while bank capitalization and loan ratio have positive, and profitability has insignificant effects. Our study serves as novel evidence that interbank funds can have adverse effects in an emerging market

Orta ve Doğu Avrupa Birliği Ülkelerinde Yolsuzluk, Gelir Dağılımı Eşitsizliği ve Yoksulluk: Panel Nedensellik Analizi

Son yıllarda küresel servet önemli miktarda artmış, gelir dağılımı eşitsizliği ve yoksullukta düşüşler görülmüştür. Bununla birlikte hem gelir dağılımı eşitsizliği hem de yoksulluk hala ciddi boyutlarda bulunmaktadır. Bu çalışma Dumitrescu ve Hurlin (2012) panel nedensellik testini kullanarak Orta ve Doğu Avrupa bölgesindeki Avrupa Birliği geçiş ekonomilerinde 2005-2016 döneminde yolsuzluk, gelir dağılımı eşitsizliği ve yoksulluk arasındaki nedensel etkileşimi araştırmaktadır. Çalışma sonucunda yoksulluktan yolsuzluğa ve gelir dağılımı eşitsizliğinden yoksulluğa doğru tek yönlü nedensellik belirlenmiştir

Effect of Microabrasion on Teeth Color

Objective:The aim of this study is to evaluate the enamel color changes before and after microabrasion technique, which is treatment of white spot lesion by using the CIE L*a*b* system with spectrophotometer.Materials and Methods:Twenty patients with inactive white spot lesions after fixed orthodontic treatment were selected. Especially, only small size white spot areas on central incisors, excluding middle of teeth were accepted. The contents of the microabrasion mixture was 18% hydrochloric acid and pumice (smaller than 30% of buccal area of tooth). The method was applied 4 times for each tooth. The spectrophotometric data on the labial surfaces of teeth were recorded with Easyshade (Vita, Zahnfabrik, Bad Säckingen, Germany) at the center of incisors before and after microabrasion. In vivospectrophotometric color evaluation was adopted for all patients, and all measurements were performed in the same clinic room under standardized lighting conditions. Color on the surfaces of individual teeth was measured for L*, a*, b*, according to CIE L*a*b* color spaces. The data were analyzed by paired t test. Means were calculated at the 0.05 level of significance.Results:Significant differences were seen among L*, a*, b*, values before and after microabrasion (p<0.05). L* values were increased after microabrasion processing; a* and b* values were decreased after microabrasion processing. The mean ΔE value was 2.76. ΔE values showed that the color differences were at the acceptable level (ΔE<3.3).Conclusion:Microabrasion, which is an effective treatment approach for the cosmetic improvement of long-standing postorthodontic demineralized enamel lesion, constituted clinically acceptable color change on teeth

Corneal biomechanical properties in thyroid eye disease

AbstractThe purpose of this study is to investigate the effect of thyroid eye disease (TED) on the measurement of corneal biomechanical properties and the relationship between these parameters and disease manifestations. A total of 54 eyes of 27 individuals with TED and 52 eyes of 30 healthy control participants were enrolled. Thyroid ophthalmopathy activity was defined using the VISA (vision, inflammation, strabismus, and appearance/exposure) classification for TED. The intraocular pressure (IOP) measurement with Goldmann applanation tonometer (GAT), axial length (AL), keratometry, and central corneal thickness (CCT) measurements were taken from each patient. Corneal biomechanical properties, including corneal hysteresis (CH) and corneal resistance factor (CRF) and noncontact IOP measurements, Goldmann-correlated IOP (IOPg) and corneal-compensated IOP (IOPcc) were measured with the Ocular Response Analyzer (ORA) using the standard technique. Parameters such as best corrected visual acuity, axial length, central corneal thickness, and corneal curvature were not statistically significant between the two groups (p > 0.05). IOP measured with GAT was higher in participants with TED (p < 0.001). The CH of TED patients was significantly lower than that of the control group. There was no significant difference in the corneal resistance factor between groups. However, IOPg and IOPcc were significantly higher in TED patients. CH and VISA grading of TED patients showed a negative correlation (p = 0.007). In conclusion, TED affects the corneal biomechanical properties by decreasing CH. IOP with GAT and IOPg is found to be increased in these patients. As the severity of TED increases, CH decreases in these patients

Usefulness of the uric acid and CHA2DS2-VASc score in prediction of left atrial thrombosis in patients with mitral stenosis and sinus rhythm

Background: The risk of thrombus formation in the left atrium is known to be very high in patients with both mitral stenosis (MS) and atrial fibrillation (AF). However, that risk should not be ignored in patients with MS in sinus rhythm (SR). The aim of this study was to determine the clinical, echocardiographic, and biochemical factors that could have a determining role in the formation of a left atrial (LA) thrombus in patients with MS in SR. Method: A total of 207 consecutive patients with MS who underwent both transthoracic echocardiography (TTE) and transesophageal echocardiography (TEE) for diagnosis or to investigate the presence of a thrombus in the LA and appendage were enrolled in this study. Results: LA thrombus was detected in 21 of 207 patients. CHA2DS2-VASc score was not found to be a predictor of LA thrombosis in patients with MS in SR, despite the higher CHA2DS2-VASc scores observed in those patients. The mitral valve area and mitral valve gradient were not predictive of LA thrombus development; however, LA anteroposterior diameter (LAAPD) was found to be a predictor of LA thrombosis. Levels of high sensitivity-C-reactive protein and uric acid were higher in the patients with LA thrombosis, but only uric acid was found to be a predictor of LA thrombosis in multivariate analysis. Conclusions: A larger LAAPD and an elevated serum uric acid level were found to be independent predictors of LA thrombosis in patients with MS in SR.