TY  - JOUR
T1  - ANALYSIS OF THE RELATION BETWEEN INFLATION AND FOREIGN EXCHANGE RATES FOR THE NORTHERN REGION OF IRAQ
TT  - ANALYSIS OF THE RELATION BETWEEN INFLATION AND FOREIGN EXCHANGE RATES FOR THE NORTHERN REGION OF IRAQ
AU  - Kiracı, Arzdar
AU  - Aktuğ, Semih Serkant
AU  - Aqrawı, Farhang Abdulkareem
AU  - Dağ, Mehmet
PY  - 2019
DA  - July
DO  - 10.18092/ulikidince.533805
JF  - Uluslararası İktisadi ve İdari İncelemeler Dergisi
JO  - IJEAS
PB  - Kenan ÇELİK
WT  - DergiPark
SN  - 1307-9832
SP  - 171
EP  - 184
IS  - 24
LA  - en
AB  - The purpose of this study is to examine the relationbetween the inflation rate, foreign exchange rates of the major currencies usedin the northern region of Iraq (NRI), money supply and gross domestic product(GDP) for the period 2008-2016. It is notable that the region suffers from high inflation rates andthere were fluctuations in foreign exchange rates after the fall of the formerIraqi regime in 2003. This is the first article about this subject for NRI usingan error correction model and the results indicate that there is a long-runrelation between variables. The relation between US Dollar and inflation in theregion is positive and statistically significant. There is a negative relationbetween Euro and inflation, which is also statistically significant. NRIimports many goods and services from Turkey, but a surprising result is thatthe Turkish Lira variable is not statistically significant. This may be due tothe fact that import payments are done with Dollars and not Turkish Liras. Thereis also a negative long-run relation for the variables GDP and money supply,which are not statistically significant. In the analysis, money supply by theIraqi Central Bank was used as the money supply variable, but the amount ofmoney supply in the NRI is not proportional to the amount offered by theCentral Bank, there is no advanced banking system in the region. The amount ofDinar coming into the region consists of converting the oil export revenuesinto Iraqi dinar and supplying these Dinars as payments to the market.Therefore, the NRI money supply will depend on the oil revenues and the Dollar,which makes money supply variable statistically insignificant.
KW  - Inflation Rate
KW  - Foreign Exchange Rate
KW  - Money Supply
KW  - GDP
KW  - Error Correction Model
N2  - Bu çalışmanın amacı; enflasyon, Irak'ın kuzeybölgesinde (IKB) kullanılan ana para birimlerinin döviz kurları, para arzı vegayri safi yurtiçi hasıla (GSYH) değişkenleri arasındaki ilişkiyi 2008-2016dönemi için incelemektir. Bölgenin yüksek enflasyon oranından muzdarip olmasıve 2003 yılında eski Irak rejiminin düşmesinden sonra döviz kurlarında dalgalanmalarolması dikkat çekicidir. Bu çalışma, IKB için bir hata düzeltme modeli kullanankonudaki ilk makaledir. Sonuçlar değişkenler arasında uzun vadeli bir ilişkiolduğunu göstermektedir. ABD Doları ile bölgedeki enflasyon arasındaki uzunvadeli ilişki pozitif ve istatistiksel olarak anlamlıdır. Euro ile enflasyonarasında negatif bir ilişki vardır ve bu istatistiksel olarak anlamlıdır. IKBTürkiye'den birçok mal ve hizmet ithal ediyor olmasına rağmen şaşırtıcı birsonuç, Türk lirası değişkeninin istatistiksel olarak anlamlı olmaması. Bununsebebi, ithalat ödemelerinin Türk Lirası ile değil Dolar ile yapılmasınedeniyle olabilir.
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UR  - https://doi.org/10.18092/ulikidince.533805
L1  - https://dergipark.org.tr/tr/download/article-file/768823
ER  -