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Theoretical Considerations of the Endogenous Money Hypothesis: The Turkish Experience

Constantinos Alexiou and George Anastasiadis

Bulletin of Political Economy, 2007, vol. 1, issue 1, 83-94

Abstract: This paper aims at exploring the endogenous money hypothesis as this is implied by the Post Keynesian tradition. Turkey serves as the platform on which the undertaken empirical analysis is conducted. The inconclusive cointegration results obtained reflect the turbulent economic environment that Turkey has experienced over the last decades. The causal dimension however, appears to be in line with the Post Keynesian hypothesis.

Date: 2007
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