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DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ

Year 2013, Volume: 5 Issue: 2, 345 - 356, 01.12.2013

Nur DİLBAZ Alacahan

Abstract

exchange rate pass-through (ERPT) , its process, factors acting degree of ERPT and the importance of low ERPT, relationship between inflation targeting and ERPT is going to be mentioned

Keywords

Fear of Floating Exchange Rate Pass-Through Inflation Targeting

References

  • Ball, P. Christopher ve Javier A. Reyes. “Inflation Targeting or Fear of Floating in Disguise: A Broader Perspective”, University of Arkansas Working Paper 200 Bacchetta, Philippe ve Eric van Wincoop, "Why Do Consumer Prices React Less Than Import Prices to Exchange Rates?", Journal of the European Economic Association, MIT Press, vol. 1(2-3), 662-670, 04/05, 2003.
  • Baqueiro,Armando, Alejandro Díaz de León ve Alberto Torres. “Fear of Floating or Fear of Inflation? The Role of the Exchange Rate Pass-Through” BIS Papers No:19, 2003, 338-354.
  • Bergin, Paul R.ve Robert C. Feenstra . “Pricing-to-Market, Staggered Contracts, and Real Exchange Rate Persistence”, http://www.econ.ucdavis.edu/~bergin/research/evol10w.pdf. October 1999. [02010].
  • Calvo, Guillermo A. ve Carmen M. Reinhart, “Fear of Floating”, NBER Working Papers, No:7993, 2002.
  • Choudhri, Ehsan U.ve Daila S. Hakura. “ Exchange Rate Pass-Through to Domestic Prices: Does the Inflationary Enviroment Matter, IMF Working Paper WP/01/194, December 2001.
  • Devereux, Michael B. ve Charles Engel. “Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect” http://www.econ.yale.edu/seminars/develop/tdw02/engel-020325.pdf March 5, 2002 [30.01.2011].
  • Dornbush, Rudiger. “Exchange Rates and Prices”, The American Economic Review, Vol:77, No:1,1987, 93‐106.
  • Gagnon, Joseph E. ve Jane Ihrig. “Monetary Policy and Exchange Rate Pass- Through”, International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(4), 2004, 315-338.
  • Hüfner, Felix P. ve Michael Schröder. “Exchange Rate Pass-Through to Consumer Prices: A European Perspective”, Centre for European Economic Research (ZEW) March 2002.
  • Kenen, Peter B: Exchange Rates and the Monetary System Printed and Bound in Great Britain by Hartnolls Limited, Bodmin, Cornwall, 1994.
  • Li-gang, Liu ve Andrew Tsang . “Exchange Rate Pass-Through to Domestic Inflation in Hong Kong”, Honk Kong Monetary Authority Working Paper 02/200 Mallick, Sushanta ve Helena Marques. “Pass-through of Exchange Rate and Tariffs into Import Prices of India: Currency Depreciation Versus Import Liberalisation”, Centre for Globalization Research Working Paper 0703, September 2007.
  • María-Dolores, Ramón. “Exchange Rate Pass-Through in New Member States and Candidate Countries of the EU”, International Review of Economics and Finance, 2010 .23-35.
  • Menon, Jayant. “The Degree and Determınants of Exchange Rate Pass-Through: Market Structure, Non-Tariff Barriers And Multinational Corporations”, The Economic Journal, Vol. 106, No. 435, Mar., 1996, 434-444.
  • Mihailov, Alexander. “ Exchange Rate Pass-Through on Prices in US, German and Japanese Macrodata” February 2005. http://www.univorleans.fr/deg/GDRecomofi/Activ/mihailov_strasbg05.pdf . [02010].
  • Mishkin, Frederich S. “Issues in Inflation Targeting” Graduate School of Business, Columbia University and National Bureau of Economic Research, June 2000.
  • Taylor, John B. “Low infation, pass-through, and the pricing power of firms”, European Economic Review 44 (2000) 1389}1408.
  • Tulk, David. “Exchange Rate Pass-Through: Theory and Evidence”, Economics 826: International Finance, January 2004.

DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ

Year 2013, Volume: 5 Issue: 2, 345 - 356, 01.12.2013

Nur DİLBAZ Alacahan

Abstract

Sermaye hareketliliğinin serbest olması nedeniyle son yıllarda ülkeler bağımsız bir para politikası ve sabit döviz kuru arasında tercihte bulunmak zorunda kalmışlardır. Ülkelerin bağımsız bir para politikası uygulayarak fiyat istikrarını sağlamayı amaçlaması ve döviz kurunu sabit tutmaya çalışması ekonomik istikrarı bozacağından birçok ülke dalgalı kuru ve enflasyon hedeflemesi rejimini seçmiştir. Ancak her ne kadar kur dalgalanmaya bırakılsa da dalgalanma korkusu nedeniyle merkez bankalarının kurlara müdahale ettiği görülmektedir. Çalışmada enflasyon hedeflemesi ışığı altında dalgalanma korkusu açıklanarak, hangi nedenlerden dolayı kurlara müdahale edilmesi gerektiği üzerinde durulacaktır. Daha sonra döviz kurunun yurtiçi fiyatlar üzerindeki etkisinden, işleyişinden, derecesini etkileyen faktörlerden ve yansımanın düşük olmasının öneminden bahsedilerek, enflasyon hedeflemesi ile olan ilişkisi anlatılacaktır

Keywords

Dalgalanma Korkusu Döviz Kurundan Yurtiçi Fiyatlara Yansıma Enflasyon Hedeflemesi

References

  • Ball, P. Christopher ve Javier A. Reyes. “Inflation Targeting or Fear of Floating in Disguise: A Broader Perspective”, University of Arkansas Working Paper 200 Bacchetta, Philippe ve Eric van Wincoop, "Why Do Consumer Prices React Less Than Import Prices to Exchange Rates?", Journal of the European Economic Association, MIT Press, vol. 1(2-3), 662-670, 04/05, 2003.
  • Baqueiro,Armando, Alejandro Díaz de León ve Alberto Torres. “Fear of Floating or Fear of Inflation? The Role of the Exchange Rate Pass-Through” BIS Papers No:19, 2003, 338-354.
  • Bergin, Paul R.ve Robert C. Feenstra . “Pricing-to-Market, Staggered Contracts, and Real Exchange Rate Persistence”, http://www.econ.ucdavis.edu/~bergin/research/evol10w.pdf. October 1999. [02010].
  • Calvo, Guillermo A. ve Carmen M. Reinhart, “Fear of Floating”, NBER Working Papers, No:7993, 2002.
  • Choudhri, Ehsan U.ve Daila S. Hakura. “ Exchange Rate Pass-Through to Domestic Prices: Does the Inflationary Enviroment Matter, IMF Working Paper WP/01/194, December 2001.
  • Devereux, Michael B. ve Charles Engel. “Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect” http://www.econ.yale.edu/seminars/develop/tdw02/engel-020325.pdf March 5, 2002 [30.01.2011].
  • Dornbush, Rudiger. “Exchange Rates and Prices”, The American Economic Review, Vol:77, No:1,1987, 93‐106.
  • Gagnon, Joseph E. ve Jane Ihrig. “Monetary Policy and Exchange Rate Pass- Through”, International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(4), 2004, 315-338.
  • Hüfner, Felix P. ve Michael Schröder. “Exchange Rate Pass-Through to Consumer Prices: A European Perspective”, Centre for European Economic Research (ZEW) March 2002.
  • Kenen, Peter B: Exchange Rates and the Monetary System Printed and Bound in Great Britain by Hartnolls Limited, Bodmin, Cornwall, 1994.
  • Li-gang, Liu ve Andrew Tsang . “Exchange Rate Pass-Through to Domestic Inflation in Hong Kong”, Honk Kong Monetary Authority Working Paper 02/200 Mallick, Sushanta ve Helena Marques. “Pass-through of Exchange Rate and Tariffs into Import Prices of India: Currency Depreciation Versus Import Liberalisation”, Centre for Globalization Research Working Paper 0703, September 2007.
  • María-Dolores, Ramón. “Exchange Rate Pass-Through in New Member States and Candidate Countries of the EU”, International Review of Economics and Finance, 2010 .23-35.
  • Menon, Jayant. “The Degree and Determınants of Exchange Rate Pass-Through: Market Structure, Non-Tariff Barriers And Multinational Corporations”, The Economic Journal, Vol. 106, No. 435, Mar., 1996, 434-444.
  • Mihailov, Alexander. “ Exchange Rate Pass-Through on Prices in US, German and Japanese Macrodata” February 2005. http://www.univorleans.fr/deg/GDRecomofi/Activ/mihailov_strasbg05.pdf . [02010].
  • Mishkin, Frederich S. “Issues in Inflation Targeting” Graduate School of Business, Columbia University and National Bureau of Economic Research, June 2000.
  • Taylor, John B. “Low infation, pass-through, and the pricing power of firms”, European Economic Review 44 (2000) 1389}1408.
  • Tulk, David. “Exchange Rate Pass-Through: Theory and Evidence”, Economics 826: International Finance, January 2004.
There are 17 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Nur DİLBAZ Alacahan This is me

Publication Date December 1, 2013
Published in Issue Year 2013 Volume: 5 Issue: 2

Cite

APA Alacahan, N. D. (2013). DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ. Sosyal Ve Beşeri Bilimler Dergisi, 5(2), 345-356.
AMA Alacahan ND. DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ. Sosyal ve Beşeri Bilimler Dergisi. December 2013;5(2):345-356.
Chicago Alacahan, Nur DİLBAZ. “DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ”. Sosyal Ve Beşeri Bilimler Dergisi 5, no. 2 (December 2013): 345-56.
EndNote Alacahan ND (December 1, 2013) DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ. Sosyal ve Beşeri Bilimler Dergisi 5 2 345–356.
IEEE N. D. Alacahan, “DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ”, Sosyal ve Beşeri Bilimler Dergisi, vol. 5, no. 2, pp. 345–356, 2013.
ISNAD Alacahan, Nur DİLBAZ. “DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ”. Sosyal ve Beşeri Bilimler Dergisi 5/2 (December 2013), 345-356.
JAMA Alacahan ND. DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ. Sosyal ve Beşeri Bilimler Dergisi. 2013;5:345–356.
MLA Alacahan, Nur DİLBAZ. “DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ”. Sosyal Ve Beşeri Bilimler Dergisi, vol. 5, no. 2, 2013, pp. 345-56.
Vancouver Alacahan ND. DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ. Sosyal ve Beşeri Bilimler Dergisi. 2013;5(2):345-56.