The monetary approach to exchange rate determination: an empirical evidence from Turkey

Date

1993

Editor(s)

Advisor

Taşkın, Fatma

Supervisor

Co-Advisor

Co-Supervisor

Instructor

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Abstract

In this study, the determination of exchange rates in Turkey is examined by using the monetary approach to exchange rate determination. To provide a theoretical basis, the basic assumptions and the variants of the monetary approach to exchange rate determination are considered. In the empirical test of the monetary approach in Turkey, quarterly data for the observation period 1980-1992 is used. Turkey followed a more liberal exchange rate policy after 1980s. The findings o f this study show that the data does not support the monetary exchange rate determination theory in Turkey. The exchange rate, especially T.L./ U.S. doUar, has a random walk nature and a trace o f unit root

Source Title

Publisher

Course

Other identifiers

Book Title

Degree Discipline

Economics

Degree Level

Master's

Degree Name

MA (Master of Arts)

Citation

Published Version (Please cite this version)

Language

English

Type