Reflections on recent trends in deposit dollarization in Turkey

buir.advisorGürkaynak, Refet S.
dc.contributor.authorKesimal, Necmiye Damla
dc.date.accessioned2021-04-14T07:18:12Z
dc.date.available2021-04-14T07:18:12Z
dc.date.copyright2021-02
dc.date.issued2021-02
dc.date.submitted2021-04-09
dc.departmentDepartment of Economicsen_US
dc.descriptionCataloged from PDF version of article.en_US
dc.descriptionThesis (Master's): Bilkent University, Department of Economics, İhsan Doğramacı Bilkent University, 2021.en_US
dc.descriptionIncludes bibliographical references (leave 37-39).en_US
dc.description.abstractDeposit dollarization is high in Turkey with more than half of all banking sec-tor deposits denominated in foreign currency. While a rising trend in deposit dollarization has been in place during the last ten years, this has gained further momentum recently. The objective of this study is to analyze the recent trends in deposit dollarization in Turkey within the framework of policies undertaken and investigate its potential drivers that are under the influence of monetary policy. Estimation results obtained using the deposit dollarization shares that are and are not adjusted for the mechanical impact of the exchange rate changes provide di˙erent assessments of the drivers of dollarization in Turkey. In this sense, some estimation results obtained using the unadjusted deposit dollarization share sug-gesting that it has been associated with the exchange rate and exchange rate expectations might be misleading regarding the changes in the demand for for-eign currency over domestic currency deposits to the extent what these results capture is the mechanical impact of exchange rate movements on the deposit dollarization share.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityby Necmiye Damla Kesimalen_US
dc.format.extentxi, 39 leaves : illustrations (some color) ; 30 cm.en_US
dc.identifier.itemidB157509
dc.identifier.urihttp://hdl.handle.net/11693/76246
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectDeposit dollarizationen_US
dc.subjectExchange rateen_US
dc.subjectMonetary policy credibilityen_US
dc.titleReflections on recent trends in deposit dollarization in Turkeyen_US
dc.title.alternativeTürkiye’nin mevduat dolarizasyonundaki güncel eğilimleren_US
dc.typeThesisen_US
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