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FINANCIAL INNOVATION AND MONEY DEMAND IN TURKEY: EMPIRICAL EVIDENCE.

This study investigates the impact of financial innovations on the money demand in Turkey by means of using the autoregressive distributed lagged (ARDL) bounds testing model as proposed by Pesaran et al. (2001) and Toda-Yamamoto from the period 1986-2019. The conclusions of our estimates have reveal...

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Published in:Journal of International Social Research / Uluslararası Sosyal Araştırmalar Dergisi Vol. 14; no. 78; pp. 350 - 364
Main Author: Mengüç, Işıl Tellalbaşı
Format: Article
Published: Journal of International Social Research Jul2021
Online Access:View this record in EBSCOhost
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        atl: FINANCIAL INNOVATION AND MONEY DEMAND IN TURKEY: EMPIRICAL EVIDENCE.
      aug:
        au: Mengüç, Işıl Tellalbaşı
        affil: Dr.Öğr.Üyesi, Abant İzzet Baysal University, Gerede School of Applied Sciences Banking-Finance Department, Bolu/Turkey
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        ARDL
        Financial Innovation
        Money Demand
        Toda Yamamoto
      ab: This study investigates the impact of financial innovations on the money demand in Turkey by means of using the autoregressive distributed lagged (ARDL) bounds testing model as proposed by Pesaran et al. (2001) and Toda-Yamamoto from the period 1986-2019. The conclusions of our estimates have revealed that the real production, inflation and nominal interest rates are the variables that determine the money demand and which shows that the financial innovations do influence the money demand in Turkey in the short term and in the long term. The results obtained indicate that the ARDL bound testing approach confirm the existence of a long-term and short-term association between the financial innovations and the money demand. According to empirical analysis, the financial innovations positively affected the money demand in the long-term as well as in short-term..
      pubtype: Academic Journal
      doctype: Article
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    language: English
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