Exchange rates and foreign exchange reserves in Turkey: nonlinear and frequency domain causality approach

In this paper aims to investigate the asymmetric relationship between nominal-real exchange rate and foreign exchange reserves of Central Bank in Turkey over the period of 2003:01-2014:01. The study benefits from the recent advance in the nonlinear time series econometric analysis and carries out no...

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Bibliographic Details
Main Authors: Tayfur BAYAT, Mehmet SENTURK, Selim KAYHAN
Format: Article
Language:English
Published: General Association of Economists from Romania 2014-11-01
Series:Theoretical and Applied Economics
Subjects:
Online Access: http://store.ectap.ro/articole/1032.pdf