Scopus:
Theoretical modeling basis of TL/US dollar exchange rate: An econometric practice

dc.contributor.authorKorap L.
dc.date.accessioned2023-04-12T01:23:35Z
dc.date.available2023-04-12T01:23:35Z
dc.date.issued2020-06-30
dc.description.abstractIn 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.
dc.identifier.isbn9783631804100
dc.identifier.isbn9783631801321
dc.identifier.scopus2-s2.0-85111571925
dc.identifier.urihttps://hdl.handle.net/20.500.12597/4727
dc.relation.ispartofCurrent Issues in Finance, Economy and Politics
dc.rightsfalse
dc.subjectBounds testing | Economic fundamentals | Expected inflation | Foreign exchange rate | Turkish economy
dc.titleTheoretical modeling basis of TL/US dollar exchange rate: An econometric practice
dc.typeBook Chapter
dspace.entity.typeScopus
person.affiliation.nameKastamonu University
person.identifier.scopus-author-id24923427100

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