DOLLARIZATION’S EFFECTS IN TURKEY ECONOMY

Year 2021, Volume: 4 Issue: 2, 72 - 106, 13.02.2022

Muhammed Ali Celaleddin Önen , Yurdagül Meral

https://doi.org/10.55065/intraders.1058509

Abstract

In order to preserve the value of assets in high-inflation countries, investors
turn to currencies of economically stable and secure countries. After the
liberalization steps taken into action in the 1980s in Turkey, the volume of foreign
currencies entering into its economy has also increased. However, high inflation, low
domestic investments, increasing import volume and weak financial base left the
Turkish economy with the reality of dollarization. In this study, the definition of
dollarization and currency substitution is explained in details. The aim of this study is
to describe the difficulties Turkey faced with dollarization from the very beginning
up to a certain period in chronological order. This study involves that by means of
considering of time-series comparative analysis data method and to investigate the
facts constituting the reasons of dollarization were associated to the by causality
method. The expected result in this study is with high inflation and uncertainties both
in political environment and economy can lead high dollarization in the economy.

Keywords

Dollarization, Currency Substitution, Dollarization and Turkey

DOLARİZASYONUN TÜRKİYE EKONOMİSİNE ETKİLERİ

Abstract

Yüksek enflasyonlu ülkelerde varlıkların değerini korumak için yatırımcılar
ekonomik olarak istikrarlı ve güvenli ülkelerin para birimlerine yönelmektedir. Türkiye'de
1980'li yıllarda uygulamaya konulan liberalleşme adımlarının ardından ekonomisine giren
döviz hacmi de artmıştır. Ancak yüksek enflasyon, düşük yurtiçi yatırımlar, artan ithalat
hacmi ve zayıf mali taban, Türkiye ekonomisini dolarizasyon gerçeğiyle baş başa bıraktı.
Bu çalışmada dolarizasyon ve para ikamesinin tanımı detaylı olarak anlatılmıştır. Bu
çalışmanın amacı, başlangıçtan belli bir döneme kadar Türkiye'nin dolarizasyonla
karşılaştığı zorlukları kronolojik bir sıra içinde anlatmaktır. Bu çalışma, zaman serileri
karşılaştırmalı analiz veri yöntemi dikkate alınarak dolarizasyonun nedenlerini oluşturan
olguların nedensellik yöntemiyle ilişkilendirilmesini içermektedir. Bu çalışmada beklenen
sonuç, yüksek enflasyon ve hem politik ortamdaki hem de ekonomideki belirsizliklerin
ekonomide yüksek dolarizasyona yol açabileceğidir.

Keywords

Dolarizasyon, Para İkamesi, Dolarizasyon ve Türkiye

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