Impact of Short-term Interest Rate on Exchange Rate: The Case of Turkey

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dc.authorwosidSARAC, Taha Bahadir / R-2673-2019
dc.contributor.authorSarac, Taha Bahadir
dc.contributor.authorKaragoz, Kadir
dc.date.accessioned2021-11-01T14:58:17Z
dc.date.available2021-11-01T14:58:17Z
dc.date.issued2016
dc.department[Belirlenecek]
dc.description5th Istanbul Conference of Economics and Finance -- JUN 06-07, 2016 -- Yildiz Tech Univ, Istanbul, TURKEY
dc.description.abstractAfter 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.
dc.description.sponsorshipIstanbul Econ & Finance Assoc, Isik Univ, Galatasaray Univen_US
dc.identifier.doi10.1016/S2212-5671(16)30190-3
dc.identifier.endpage202en_US
dc.identifier.issn2212-5671
dc.identifier.startpage195en_US
dc.identifier.urihttps://doi.org/10.1016/S2212-5671(16)30190-3
dc.identifier.urihttps://hdl.handle.net/11491/6570
dc.identifier.volume38en_US
dc.identifier.wosWOS:000386630100020
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.institutionauthor[Belirlenecek]
dc.language.isoen
dc.publisherElsevier Science Bv
dc.relation.ispartof5Th Istanbul Conference Of Economics And Finance
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectForeign exchange rateen_US
dc.subjectshort-term interest rateen_US
dc.subjectfrequency domain Granger causality testen_US
dc.titleImpact of Short-term Interest Rate on Exchange Rate: The Case of Turkey
dc.typeConference Object

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