Money demand, financial liberalization and currency substitution in Turkey

Article Abstract:

A study is conducted to model the empirical relationship between broader definition of money, real income, interest rates, inflation and expected exchange rate and examine the constancy of this relationship in the light of financial reform, deregulation of financial markets and financial crises in Turkey. The results reveal that despite the economic reforms and financial crises the demand for money in Turkey is stable.

Forecasts, trends, outlooks, Interest Rates, Forecasts and trends, Market trend/market analysis, Financial markets

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Regional welfare weights for Turkey

Article Abstract:

Estimation of elasticity of marginal utility of income, by using tax-based methods based on principle of equal absolute sacrifice or satisfaction, to determine regional welfare weights for Turkey, is described.

Methods, Taxation, Social service, Income, Social welfare

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The J-curve dynamics of Turkish bilateral trade: a cointegration approach

Article Abstract:

The development of a cointegration approach for the empirical analysis of data on the trade balance between Turkey and its trading partners is described.

Balance of Payments, International economic relations, Usage, Economics, Economic theory, Trade policy, Author abstract

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