THE EFFECT OF TURKISH LIRA INTERBANK RATES ON FOREIGN EXCHANGE RATES IN TURKEY: A DYNAMIC APPROACH

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The Effect of Turkish Lira Interbank Rates 67-83.pdf

Date

1991

Author

EROL , Umit
ALTINKEMER, Melike

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The effect of Interbank rates on foreign exchange markets is analyzed using a transfer function approach for the period January 4, 1988 to May 31, 1989 using daily data. The results suggest that interbank rates was used as a tool to invervene in foreign exchange markets during 1988 however the foreign exchange market seems to be largely governed by its own stochastic mechanism in 1989.

URI

https://hdl.handle.net/11511/110645

Journal

ODTÜ Gelişme Dergisi

Collections

Department of Economics, Article

Citation Formats

U. EROL and M. ALTINKEMER, “THE EFFECT OF TURKISH LIRA INTERBANK RATES ON FOREIGN EXCHANGE RATES IN TURKEY: A DYNAMIC APPROACH,” ODTÜ Gelişme Dergisi, vol. 18, no. 1-2, pp. 67–83, 1991, Accessed: 00, 2024. [Online]. Available: https://hdl.handle.net/11511/110645.