Currency substitution hypothesis and money demand in Turkey: a dynamic model

Download
1989
İskenderoğlu, Lerzan

Suggestions

Currency and asset substitution in Turkey
Taşdemir, Özlem; Özmen, Erdal; Department of Economics (2003)
This study investigates the determinants and effects of currency and asset substitution in Turkey using quarterly data from 1987:1 to 2002:4. The empirical results from the application of Johansen procedure to a four-variable system containing currency-asset substitution proxy (M2Y/M2)), real income, real exchange rate, and ratchet effect proxy (past peak values of the depreciation of the real exchange rate) suggest the presence of a single cointegration vector among the variables. The results further sugge...
Money demand and the effects of tax policy in the special case of Turkey: 1969-1989
Ermut (Kılan), Nazlı; Keyder, Nur; Department of Economics (1991)
Money supply mechanism in Turkey:a comparison of monetary base and flow-of-funds approach
Genç, Gülbin; Uygur, Ercan; Department of Economics (1995)
Bank competition and banking system stability: evidence from Turkey
Ak Kocabay, Selvi; Özmen, Erdal; Department of Economics (2009)
This study empirically investigates the validity of the competition and stability trade-off hypothesis for the Turkish banking system. To this end, we consider annual bank level accounting data for the 1990-2008 period and compute the most commonly used measures of banking stability and competition. The effects of macroeconomic factors and bank specific indicators including the ownership structure are also taken into account. The fixed effects panel estimation results suggest that the relation between compe...
Monetary policy operating framework for financial and price stability: the case of Turkey
Çufadar, Ali; Özmen, Erdal; Department of Economics (2012)
This thesis aims to provide evidence on whether FDI occurring in the Turkish economy has any effect on domestic firms, especially whether and to what extent it leads to KTTs towards domestic firms by paying attention to the role of MNCs. In order to do so, we firstly conduct a series of econometric analyses to analyze the impact of FDI-related technology spillovers on domestic firms’ productivity level in the Turkish manufacturing industry. Estimation results produced positive evidence on horizontal and bac...
Citation Formats
L. İskenderoğlu, “Currency substitution hypothesis and money demand in Turkey: a dynamic model,” M.S. - Master of Science, Middle East Technical University, 1989.