Browsing by Author "Korap L."
Now showing 1 - 3 of 3
- Results Per Page
- Sort Options
Scopus An empirical note on uncovered interest parity condition with Turkish evidence(2019-01-01) Korap L.; Konak A.Scopus Impact of asymmetry on exchange rate determination: The role of fundamentals(2024-12-01) Korap L.Scopus Theoretical modeling basis of TL/US dollar exchange rate: An econometric practice(2020-06-30) Korap L.In this chapter, TL/US dollar exchange rate is examined by using quarterly frequency data for the observation period of 2005Q4-2017Q4. Monetary model exchange rate determination mechanism has been introduced in a theoretical approach, and multivariate ARDL bounds testing has been applied to the data for estimation purposes. The findings indicate that the monetary exchange rate has a cointegrated relationship consistent with the fundamentals of economic theory. While the monetary exchange rate is in a positive interaction with the relative money supply, an increase in the relative real income level results in the appreciation of the national currency against the US dollar. Furthermore, as a priori assumed, a positive relationship has been found between the monetary exchange rate and the expected inflation rate variable.