| Yazarlar (1) |
Doç. Dr. Hüseyin Levent KORAP
Kastamonu Üniversitesi, Türkiye |
| Özet |
| ABSTRACT hi this paper, a multivariate co-integrating model is contracted upon the Turkish economy to examine the validity of the purchasing power parity and the uncovered interest parity theories simultaneously. Estimation results obtained from identified co-integrating vectors support a priori modelling expectations and yield evidence to the existence of both parities when integrated within each other. However, no evidence is obtained İn favor of the two international exchange rate determination parity hypotheses when formulated in isolation. A policy inference derived from the paper can be summarized such that since the market mechanisms seem to closely affect the long-run course of the nominal exchange rate, exchange rate based stabilization programs should be appreciated by economic agents in a cautious way. |
| Anahtar Kelimeler |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | Ulusal alan endekslerinde (TR Dizin, ULAKBİM) yayınlanan tam makale |
| Dergi Adı | İstanbul Üniversitesi Sosyal Bilimler Meslek Yüksek Okulu Sosyal Bilimler Dergisi |
| Dergi ISSN | 2602-4543 |
| Dergi Tarandığı Indeksler | SOBIAD, GOOGLE Scholar, Akademİstan-Bul, Tübitak DergiPark |
| Makale Dili | İngilizce |
| Basım Tarihi | 01-2008 |
| Sayı | 1 |
| Sayfalar | 129 / 137 |
| Makale Linki | https://dergipark.org.tr/tr/pub/iusosbil/issue/9501/118741 |
