2a.Bir lkede merkez bankas para arz bymesinin miktarn ve zamanlamasn piyasa oyuncular ile paylaabilir. rnein, ABD Merkez Bankas 10 gn ncesinden para arz bymesini akladnda piyasadaki gelimeler iin nceden bir duyuru yapm olur. Eer piyasa oyuncular, para arz bymesinin beklenenden daha byk olacan ngryor ya da duyuruyla birlikte fark ediyorlarsa duyurunun hemen ardndan faizlerin artt grlr. Bu duruma duyuru bulmacas ad verilmektedir. Sizce faiz oranlarndaki bu artnn sebebi ne olabilir? Ksaca aklaynz. 2b.Varsayalm ki Rusyann yllk enflasyon oran %100 ve svirenin yllk enflasyon oran %5. Nispi satn alma gc paritesine gre Rus Rublesinin svire Frank karndaki deeri bir yl iinde nasl deiir? (Yerli lke: Rusya, Yabanc lke: svire; E=RUB/CHF)

2 a.The amount and timing of the central bank money supply growth in a country share it with market players. For example, the Federal Reserve bank offered money 10 days in advance. When he explains his growth, he has made an announcement in advance for developments in the market. if market players predict that money supply growth will be larger than expected. If they notice with the announcement, it is seen that the interest rates increase immediately after the announcement. This situation is called "announcement puzzle". In your opinion, the reason for this increase in interest rates what could it be? Please explain briefly. 2b.Suppose that the annual inflation rate of Russia is 100% and the annual inflation of Switzerland rate 5%. According to the relative purchasing power parity, the Russian Ruble against the Swiss Franc. How does its value change within a year? (Domestic country: Russia, Foreign country: Switzerland; E = RUB / CHF)