The Effect Of Exchange Market Pressure On Output In Turkey

Yavuz Özek and Halil Oğuzhan ERGÜR

Fiscaoeconomia, 2022, issue 2

Abstract: It puts strain on the exchange market and affects negatively the expectations of the economic actors that a country’s national currency has high volatility and the central bank has inadequate reserves. In this study, it is examined by causality tests whether pressure on the foreign exchange market rising after the transition to full-fledged inflation targeting in the Turkish economy influences economic growth. According to findings attained by analyzing data from 2005:01 to 2021:10, it is concluded that the pressure on the foreign exchange market has an adverse effect on growth in the long duration.

Keywords: foreign exchange market pressure index; growth; causality (search for similar items in EconPapers)
JEL-codes: E58 G17 O11 O40 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:fis:journl:220227

DOI: 10.25295/fsecon.1073333

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