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Exchange Rate Movements, Inflation Expectations, and Currency Substitution in Turkey

Exchange Rate Movements, Inflation Expectations, and Currency Substitution in Turkey »

Source: Exchange Rate Movements, Inflation Expectations, and Currency Substitution in Turkey

Volume/Issue: 1995/111

Series: IMF Working Papers

Author(s): Fabio Scacciavillani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451853414

Keywords: exchange rate, currency substitution, foreign currency, rational expectations

This paper contains an empirical analysis of currency substitution in Turkey: a simple relationship between the share of foreign currency holdings in M2X on one side and movements in the exchange rate or inflation...

Exchange Rate Movements, Inflation Expectations, and Currency Substitution in Turkey

Exchange Rate Movements, Inflation Expectations, and Currency Substitution in Turkey »

Volume/Issue: 1995/111

Series: IMF Working Papers

Author(s): Fabio Scacciavillani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

DOI: http://dx.doi.org/10.5089/9781451853414.001

ISBN: 9781451853414

Keywords: exchange rate, currency substitution, foreign currency, rational expectations

This paper contains an empirical analysis of currency substitution in Turkey: a simple relationship between the share of foreign currency holdings in M2X on one side and movements in the exchange rate or inflation...