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PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE

Yıl 2003, Cilt: 3 Sayı: 6, 151 - 170, 01.11.2003
https://izlik.org/JA63BC34WR

Öz

This study surveys the literature on the purchasing power parity doctrine and brings empirical findings in relation to the argument. According to empirical findings there has been a common view that the purchasing power parity argument is only valid for the long run. The tests and estimations made by this paper indicate that the PPP theory does not hold for the exchange rate between Turkish lira and US dollar neither for short run nor for long run

Kaynakça

  • ADLER, M. and LEHMANN, B.(1983) Deviations from Purchasing Power Parity in the Long Run, The Journal of Finance, Vol. XXXVIII, No:5, December, 1471-1487.
  • BALASSA, Bela(1964, Purchasing Power Parity Doctrine, Journal of Political Economy, 72:6 (1964, 584-596.
  • BAILLIE, R. and McMAHON, P.(1991) The Foreign Exchange Market, Cambridge U.P.
  • BANNOCK, G.; BAXTER R.E. and DAVIS, E. (1987) Dictionary of Economics, The Penguin:337-8.
  • BILSON, John F.O.(1984) Purchasing Power Parity as a Trading Strategy, The Journal of Finance, Vol.XXXIX, No:3, July:715-725.
  • BRANSON , William H.(198) The Collapse of Purchasing Power Parities During the 1970s: Comment, :167). European Economic Review, 16(1981):167-171.
  • CULBERTSON, W.Patton(1975) Purchasing Power Parity and Black Market Exchange Rate, Economic Inquiry, Vol.XIII, June:287-296.
  • EDISON, Hall J.(1987) Purchasing Power Parity in the Long Run, Journal of Money, Credit and Banking, Vol.19, No:3, August:376-387.
  • ENGEL, Charles(2002) Long-Run PPP May Not Hold After All, University of Washington, Department of Economics, e- mail:emengel@u.Washington.edu.
  • FRANKEL, A. Jeffrey and Meese, Richard(1985) Are Exchange Rates Excessively Variable?, In NBER Macroeconomic Annual, 1987, and NBER Working Paper Series, w1612.
  • FRENKEL, Jacob(1981) The Collapse of Purchasing Power Parities During the 1970s, European Economic Review, 16(1981):145-165.
  • GREEN, William H.(1993) Econometric Analysis, Macmillan, 2nd. Edition.
  • HUANG, Roger D.(1987) Expectations of Exchange Rates and Differential Inflation Rates, The Journal of Finance, Vol.XLII, No:1, Mach:69-79.
  • IMF(1992) Annual Statistical Book.
  • IMLS, Jean; MUMTAZ, Haroon; RAWN, Morten O and REY, Helene(2002) PPP Strikes Back: Aggregation and the Real Exchange Rate, NBER Working Paper Series, w9372, December.
  • JONSSON, Gunnar(2001) Inflation, Money Demand, and Purchasing Power Parity in the South Africa, IMF Staff Paper, Vol.48, No:2.
  • KILLIAN, L and Zha, T(1999) Quantifying the Half-Life of Deviations from PPP, Federal Reserve Bank of Atlanta, Working Paper Series, 99-21, December.
  • LEVICH, R.M.(1985) “Empirical Studies of Exchange Rate”, In Handbook of International Economics, Vol:II, ed by R.W. Jones and P.B. Kenen, Elsevier Science Pub. B.V. 1985:979-1040.
  • McKINNON, Ronald I.(1973) Money, Capital in Economic Development, Washington, D.C. Brookings Institution.
  • RIVERA-BATIZ, F.L. and RIVERA-BATIZ, L.(1991) International Finance and Open Economy Macroeconomics, Maxwell, MacMillan International Ed.
  • TAYLOR, Alan M(2002) A Century of Purchasing-Power Parity, The Review of Economics and Statistics, February, 84(1):139-150.

PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE

Yıl 2003, Cilt: 3 Sayı: 6, 151 - 170, 01.11.2003
https://izlik.org/JA63BC34WR

Öz

Kaynakça

  • ADLER, M. and LEHMANN, B.(1983) Deviations from Purchasing Power Parity in the Long Run, The Journal of Finance, Vol. XXXVIII, No:5, December, 1471-1487.
  • BALASSA, Bela(1964, Purchasing Power Parity Doctrine, Journal of Political Economy, 72:6 (1964, 584-596.
  • BAILLIE, R. and McMAHON, P.(1991) The Foreign Exchange Market, Cambridge U.P.
  • BANNOCK, G.; BAXTER R.E. and DAVIS, E. (1987) Dictionary of Economics, The Penguin:337-8.
  • BILSON, John F.O.(1984) Purchasing Power Parity as a Trading Strategy, The Journal of Finance, Vol.XXXIX, No:3, July:715-725.
  • BRANSON , William H.(198) The Collapse of Purchasing Power Parities During the 1970s: Comment, :167). European Economic Review, 16(1981):167-171.
  • CULBERTSON, W.Patton(1975) Purchasing Power Parity and Black Market Exchange Rate, Economic Inquiry, Vol.XIII, June:287-296.
  • EDISON, Hall J.(1987) Purchasing Power Parity in the Long Run, Journal of Money, Credit and Banking, Vol.19, No:3, August:376-387.
  • ENGEL, Charles(2002) Long-Run PPP May Not Hold After All, University of Washington, Department of Economics, e- mail:emengel@u.Washington.edu.
  • FRANKEL, A. Jeffrey and Meese, Richard(1985) Are Exchange Rates Excessively Variable?, In NBER Macroeconomic Annual, 1987, and NBER Working Paper Series, w1612.
  • FRENKEL, Jacob(1981) The Collapse of Purchasing Power Parities During the 1970s, European Economic Review, 16(1981):145-165.
  • GREEN, William H.(1993) Econometric Analysis, Macmillan, 2nd. Edition.
  • HUANG, Roger D.(1987) Expectations of Exchange Rates and Differential Inflation Rates, The Journal of Finance, Vol.XLII, No:1, Mach:69-79.
  • IMF(1992) Annual Statistical Book.
  • IMLS, Jean; MUMTAZ, Haroon; RAWN, Morten O and REY, Helene(2002) PPP Strikes Back: Aggregation and the Real Exchange Rate, NBER Working Paper Series, w9372, December.
  • JONSSON, Gunnar(2001) Inflation, Money Demand, and Purchasing Power Parity in the South Africa, IMF Staff Paper, Vol.48, No:2.
  • KILLIAN, L and Zha, T(1999) Quantifying the Half-Life of Deviations from PPP, Federal Reserve Bank of Atlanta, Working Paper Series, 99-21, December.
  • LEVICH, R.M.(1985) “Empirical Studies of Exchange Rate”, In Handbook of International Economics, Vol:II, ed by R.W. Jones and P.B. Kenen, Elsevier Science Pub. B.V. 1985:979-1040.
  • McKINNON, Ronald I.(1973) Money, Capital in Economic Development, Washington, D.C. Brookings Institution.
  • RIVERA-BATIZ, F.L. and RIVERA-BATIZ, L.(1991) International Finance and Open Economy Macroeconomics, Maxwell, MacMillan International Ed.
  • TAYLOR, Alan M(2002) A Century of Purchasing-Power Parity, The Review of Economics and Statistics, February, 84(1):139-150.
Toplam 21 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Yazarlar

İsmail Seyrek Bu kişi benim

Yayımlanma Tarihi 1 Kasım 2003
IZ https://izlik.org/JA63BC34WR
Yayımlandığı Sayı Yıl 2003 Cilt: 3 Sayı: 6

Kaynak Göster

APA Seyrek, İ. (2003). PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE. Akdeniz İİBF Dergisi, 3(6), 151-170. https://izlik.org/JA63BC34WR
AMA 1.Seyrek İ. PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE. Akdeniz İİBF Dergisi. 2003;3(6):151-170. https://izlik.org/JA63BC34WR
Chicago Seyrek, İsmail. 2003. “PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE”. Akdeniz İİBF Dergisi 3 (6): 151-70. https://izlik.org/JA63BC34WR.
EndNote Seyrek İ (01 Kasım 2003) PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE. Akdeniz İİBF Dergisi 3 6 151–170.
IEEE [1]İ. Seyrek, “PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE”, Akdeniz İİBF Dergisi, c. 3, sy 6, ss. 151–170, Kas. 2003, [çevrimiçi]. Erişim adresi: https://izlik.org/JA63BC34WR
ISNAD Seyrek, İsmail. “PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE”. Akdeniz İİBF Dergisi 3/6 (01 Kasım 2003): 151-170. https://izlik.org/JA63BC34WR.
JAMA 1.Seyrek İ. PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE. Akdeniz İİBF Dergisi. 2003;3:151–170.
MLA Seyrek, İsmail. “PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE”. Akdeniz İİBF Dergisi, c. 3, sy 6, Kasım 2003, ss. 151-70, https://izlik.org/JA63BC34WR.
Vancouver 1.İsmail Seyrek. PURCHASING POWER PARITY AND THE TURKISH EXCHANGE RATE. Akdeniz İİBF Dergisi [Internet]. 01 Kasım 2003;3(6):151-70. Erişim adresi: https://izlik.org/JA63BC34WR
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