Year 2018, Volume 2, Issue 3, Pages 143 - 150 2018-09-30

Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey

Baki DEMİREL [1]

42 141

This study aimed to question how successful the CBRT could be in the process of determining the money supply by acting in all these motivational conditions. To achieve this aim M3 as a proxy variable to the money supply, the banking sector loan volume as a proxy for the money demand has been dealt with. The study tested the causality relationship between variables using the Granger Causality Test and Error Correction Model.

According to the results of the Granger Causality Test, in the long run, the direction of causality between the money supply and credit expansion is straightforward from the money supply to the credit extension.

According to the findings of the Error Correction Model, there is a positive and statistically significant relationship between money supply and credit expansion in the short term. Credit expansion increases money supply.

Endogeneity of Money Supply, Granger Causality, Error Correction Model
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Primary Language en
Subjects Management
Published Date September
Journal Section Articles
Authors

Orcid: 0000-0001-2345-6789
Author: Baki DEMİREL (Primary Author)
Institution: Gaziosmanpaşa Üniversitesi
Country: Turkey


Dates

Publication Date: September 30, 2018

Bibtex @research article { fsecon443042, journal = {Fiscaoeconomia}, issn = {}, eissn = {2564-7504}, address = {Ahmet Arif EREN}, year = {2018}, volume = {2}, pages = {143 - 150}, doi = {10.25295/fsecon.2018.03.006}, title = {Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey}, key = {cite}, author = {DEMİREL, Baki} }
APA DEMİREL, B . (2018). Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey. Fiscaoeconomia, 2 (3), 143-150. DOI: 10.25295/fsecon.2018.03.006
MLA DEMİREL, B . "Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey". Fiscaoeconomia 2 (2018): 143-150 <http://dergipark.org.tr/fsecon/issue/39490/443042>
Chicago DEMİREL, B . "Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey". Fiscaoeconomia 2 (2018): 143-150
RIS TY - JOUR T1 - Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey AU - Baki DEMİREL Y1 - 2018 PY - 2018 N1 - doi: 10.25295/fsecon.2018.03.006 DO - 10.25295/fsecon.2018.03.006 T2 - Fiscaoeconomia JF - Journal JO - JOR SP - 143 EP - 150 VL - 2 IS - 3 SN - -2564-7504 M3 - doi: 10.25295/fsecon.2018.03.006 UR - https://doi.org/10.25295/fsecon.2018.03.006 Y2 - 2018 ER -
EndNote %0 Fiscaoeconomia Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey %A Baki DEMİREL %T Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey %D 2018 %J Fiscaoeconomia %P -2564-7504 %V 2 %N 3 %R doi: 10.25295/fsecon.2018.03.006 %U 10.25295/fsecon.2018.03.006
ISNAD DEMİREL, Baki . "Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey". Fiscaoeconomia 2 / 3 (September 2018): 143-150. https://doi.org/10.25295/fsecon.2018.03.006
AMA DEMİREL B . Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey. fsecon. 2018; 2(3): 143-150.
Vancouver DEMİREL B . Evaluation of Endogeneity of Money Supply under Inflation Targeting Implementation in Turkey. Fiscaoeconomia. 2018; 2(3): 150-143.