TÜRKİYE'DE PARA TALEBİ FONKSİYONUNUN BELİRLENMESİ.
Determining the factors affecting money demand are very important. Monetary authorities can influence macroeconomic magnitudes by providing control over money balances. In order to make a reliable estimation of money demand firstly one must set the determinants of the money demand and its stability....
| Publicado en: | Cumhuriyet Üniversitesi Fen-Edebiyat Fakültesi Sosyal Bilimler Dergisi no. 59; pp. 1 - 13 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
University of Cumhuriyet, Faculty of Sciences & Arts
Jan2019
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=141855307&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 141855307 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 13055143 3CMI jtl: Cumhuriyet Üniversitesi Fen-Edebiyat Fakültesi Sosyal Bilimler Dergisi issn: 13055143 maglogo: N pubinfo: dt: Jan2019 iid: 59 pid: 36179 pub: University of Cumhuriyet, Faculty of Sciences & Arts artinfo: ui: 141855307 ppf: 1 ppct: 12 formats: tig: atl: TÜRKİYE'DE PARA TALEBİ FONKSİYONUNUN BELİRLENMESİ. aug: au: BAYRAM, Onur UCA, Hasan Fevzi affil: Doktora Öğrencisi, Dokuz Eylül Üniversitesi, Sosyal Bilimler Enstitüsü, İktisat A.B.D. Yüksek Lisans Öğrencisi, İzmir Kâtip Çelebi Üniversitesi, Sosyal Bilimler Enstitüsü, Finansal Ekonomi A.B.D. su: Türkiye Money supply Demand for money Foreign exchange rates Interest rates Demand function sug: subj: Money supply Türkiye Demand for money Foreign exchange rates Interest rates Demand function keyword: Cointegration Money Demand Stability Turkey İstikrar Eşbütünleşme Para Talebi Türkiye Cointegration Money Demand Stability Turkey İstikrar Eşbütünleşme Para Talebi Türkiye ab: Determining the factors affecting money demand are very important. Monetary authorities can influence macroeconomic magnitudes by providing control over money balances. In order to make a reliable estimation of money demand firstly one must set the determinants of the money demand and its stability. In this study aimed to determine the money demand function in Turkey using quarterly data including the period 2006-2017. The autoregressive distrubuted lag (ARDL) approach, also known as bound test, wa s used to determine short and longterm relationships and a long-run cointegrating relationship was found between the variables. According to the findings, the coefficients are statistically significant and coefficient signs are consistent with theory. The long-run income, interest rate and exchange rate elasticities are 0.77, -0.01 and 0.17, respectively. The fact that the exchange rate variable has a positive effect is supported by the literature on wealth effect. The CUSUM and CUSUMSQ tests, which were applied to test the structural stability of the model, demonstrate that the model has stable over long-run. Results show that broad money supply can be used as an effective policy instrument. pubtype: Academic Journal doctype: Article src: R language: Turkish refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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