Year 2008, Volume 7 , Issue 2, Pages 255 - 270 2008-12-01

Gelişmekte Olan Ülkelerde Döviz Kuru Rejim Tercihinin Makro Ekonomik Performans Üzerine Etkileri
Impacts of Exchange Rate Regime Choice on Macroeconomic Performance in Emerging Markets

Rüstem Yanar [1]


Bu çalışmanda gelişmekte olan ülkelerde (emerging markets-yükselen piyasalar) Bretton Woods Sistemi sonrasında, döviz kuru rejim tercihinin makro ekonomik performans üzerine etkileri incelenecektir. Çalışmada özellikle enflasyon, büyüme ve finansal kriz konuları ele alınmıştır. Çalışmanın sonucunda, gelişmekte olan ülkelerde, sabit döviz kurlarının dalgalı kurlara oranla daha düşük enflasyona yol açtığı saptanmıştır. Döviz kurlarının büyüme üzerine etkisi ise alt dönemlerde farklılık göstermektedir. 1990 öncesi dönemde, sabit döviz kurlarında daha yüksek büyüme oranları gerçekleşirken, 1990 sonrasında sabit kurlarındaki büyüme oranları düşmüştür. Ayrıca, sabit döviz kurlarının gelişmekte olan ülkelerde 1990 sonrasında finansal kırılganlığı arttırdığı tespit edilmiştir
This paper investigates the impact of exchange rate regime choice on macroeconomic performance after Bretton Woods in emerging market countries. It is studied especially inflation, growth and financial crises. It’s found that for emerging market countries, fixed regimes are associated with lower inflation than floats. On growth effect of exchange rate regime choice is not same all period. Fixed regimes are associated with faster growth but after 1990 fixed regimes brought about slower growth. At the same time, fixed exchange rate regimes are associated with financial fragility after 1990 in emerging markets
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Other ID JA32PZ35JT
Journal Section Article
Authors

Author: Rüstem Yanar
Institution: GAZİANTEP ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ

Dates

Application Date : December 1, 2008
Acceptance Date : September 17, 2019
Publication Date : December 1, 2008

APA Yanar, R . (2008). Impacts of Exchange Rate Regime Choice on Macroeconomic Performance in Emerging Markets. Gaziantep University Journal of Social Sciences , 7 (2) , 255-270 . Retrieved from https://dergipark.org.tr/en/pub/jss/issue/24248/257105