Is Policy Interest Effectively Used in Turkey for Against Currency Substitution: Evidence from Fourier Area

Basit Öğe Kaydı
dc.authorwosidBayat, Tayfur/ABH-7741-2020
dc.authorwosidtaş, şebnem/V-6747-2018
dc.contributor.authorBayat, Tayfur
dc.contributor.authorTas, Sebnem
dc.date.accessioned2024-08-04T20:55:57Z
dc.date.available2024-08-04T20:55:57Z
dc.date.issued2021
dc.departmentİnönü Üniversitesien_US
dc.description.abstractThe phenomenon of currency substitution started in the Turkish economy during the transition to a free-market economy in the 1980s with the changing foreign exchange regime. In this context, the study, based on the January 2011-November 2020 period, Turkey's economy to prevent currency substitution, whether the weighted average funding rate is used effectively or not, is examined by traditional and Fourier causality tests. As a result of empirical analysis, it has been determined that currency substitution hysteria is experienced due to economic actors' deterioration in nominal exchange rate expectations. To rectify this situation, no interest rate hysteresis was experienced during the analysis period due to the inability to use the policy rate effectively. As the study's main question, both time and Fourier domain causality from average funding cost to money substitution could not be found.en_US
dc.identifier.doi10.17233/sosyoekonomi.2021.04.23
dc.identifier.endpage520en_US
dc.identifier.issn1305-5577
dc.identifier.issue50en_US
dc.identifier.scopus2-s2.0-85191959620en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage503en_US
dc.identifier.urihttps://doi.org/10.17233/sosyoekonomi.2021.04.23
dc.identifier.urihttps://hdl.handle.net/11616/101960
dc.identifier.volume29en_US
dc.identifier.wosWOS:000713637900023en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isotren_US
dc.publisherSosyoekonomi Socen_US
dc.relation.ispartofSosyoekonomien_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCurrency Substitutionen_US
dc.subjectPolicy Interesten_US
dc.subjectFourier Approximationen_US
dc.subjectCausalityen_US
dc.titleIs Policy Interest Effectively Used in Turkey for Against Currency Substitution: Evidence from Fourier Areaen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu