Yazar "Karagoz, Kadir" seçeneğine göre listele

Listeleniyor 1 - 2 / 2
  • [ X ]
    Öğe
    Impact of Short-term Interest Rate on Exchange Rate: The Case of Turkey
    (Elsevier Science Bv, 2016) Sarac, Taha Bahadir; Karagoz, Kadir
    After the crises in 2001 inflation targeting regime has been adopted and short-term interest rates have been used as the main monetary policy tool in Turkey. In addition, Central Bank of the Republic of Turkey (CBRT) utilizes short-term interest rates against the sudden rises in dollar rate. In this context, we aim to determine the efficient level of short-term interest rates on dollar rate. Accordingly, using monthly data for the period of 2003: 02 - 2015: 08, we find no evidence that higher interest rates cause to a weakening of exchange rate, by the frequency domain Granger causality test. (C) 2016 The Authors. Published by Elsevier B.V.
  • [ X ]
    Öğe
    Testing the Validity of PPP Theory for Turkey: Nonlinear Unit Root Testing
    (Elsevier Science Bv, 2016) Karagoz, Kadir; Sarac, T. Bahadir
    Real exchange rate movements are crucial for a country's competitiveness, trade flows and testing the validity of Purchasing Power Parity (PPP) theory. So far ample of studies have examined the issue of whether or not PPP holds in Turkey by employing various methods. In this study we examined the validity of PPP theory for Turkey between January 2003 and June 2014, and we concluded that purchasing power parity theory is not valid according to the results of nonlinear unit root test. (C) 2016 The Authors. Published by Elsevier B.V.