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- W316132601 abstract "Demand for money is an important macroeconomic relationship. Its stability has implications for the choice of monetary policy targets. The current study examines the stability of money demand function in Turkey from January 1989 to May 2010. More specifically, it estimates the demand for narrow money in Turkey and evaluates its robustness and stability. Considering the economic reforms and financial crises in Turkey, it is found that there exists a well determined instability for money demand and its dynamics, which is adequately captured by cointegration and error correction models. Finally, the conclusions from the estimation of the impulse response functions show that interest rate causes the largest shift in money demand as well as in industrial production." @default.
- W316132601 created "2016-06-24" @default.
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- W316132601 date "2012-12-07" @default.
- W316132601 modified "2023-09-23" @default.
- W316132601 title "The Stability of Money Demand: Some Evidence from Turkey" @default.
- W316132601 hasPublicationYear "2012" @default.
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