Exchange Rate Movements, Inflation Expectations, and Currency Substitution in Turkey:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Scacciavillani, Fabio (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 1995
Schriftenreihe:IMF Working Papers Working Paper No. 95/111
Links:http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
http://elibrary.imf.org/view/IMF001/02173-9781451853414/02173-9781451853414/02173-9781451853414.xml
Abstract:This paper contains an empirical analysis of currency substitution in Turkey: a simple relationship between the share of foreign currency holdings in M2X on one side and movements in the exchange rate or inflation on the other is derived from a two-stage portfolio choice model. This relationship is estimated by band spectrum regression which allows to remove from the data the short-term cyclical components. The results show that the relationship between currency substitution depends mainly on long-term movements in the exchange rate, while the effect of inflation on currency substitution is not statistically significant
Umfang:1 Online-Ressource (21 p)
ISBN:1451853416
9781451853414