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• W1505200651 abstract "This paper analyzes broad money demand in Turkey between 1987 and 2001, a period characterized by a process of financial sector liberalization, implemented using various structural reforms and deregulations. It presents the historical background and the pace of liberalization, accompanied by a discussion on main economic indicators. It gives a brief summary on theory for the analysis of money demand and constructs an error correction model for M2X using quarterly data, where the long run relationship is established using real income, interest rate on deposits, interest rate on government securities, inflation rate and real exchange rate. The results show that, both exchange rate and inflation rate have substantial impact on the Turkish broad money demand." @default.
• W1505200651 created "2016-06-24" @default.
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• W1505200651 date "2002-01-01" @default.
• W1505200651 modified "2023-09-23" @default.
• W1505200651 title "Modeling the Turkish Broad Money Demand" @default.
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