Empirical Analysis of Money Demand Function in Turkey

• Autorzy: Recep Düzgün , Jan Fazlagič

Warianty tytułu

Empiryczna analiza funkcji popytu na pieniądz w Turcji

• Języki publikacji: EN

Abstrakty

EN

Monetary policy is an important tool to provide price stability in a country. To be able to apply the policies in question and to achieve success, stable money demand function is necessary. The main aim of this study is to test the stability of M1 money demand function in Turkey in the period of 1998:Q1-2009:Q3. In the study, ARDL was applied. According to the findings, money demand and its determinants were seen cointegrated. So, the money demand function in Turkey is stable and to provide price stability the monetary policy can be used smoothly.(original abstract)

Polityka monetarna jest ważnym narzędziem zapewnienia stabilności cen w kraju. Żeby móc stosować omawiane polityki i osiągnąć sukces, konieczna jest funkcja stabilnego popytu na pieniądz. Głównym celem opracowania jest zbadanie stabilności funkcji popytu na pieniądz M1 w Turcji w okresie od I kwartału roku 1998 do III kwartału roku 2009. W opracowaniu zastosowano podejście ARDL. Zgodnie z uzyskanymi wynikami popyt na pieniądz i jego determinanty jawiły się jako skointegrowane. Tak więc funkcja popytu na pieniądz w Turcji jest stabilna; aby zapewnić stabilność cen, polityka monetarna może być stosowana płynnie.(abstrakt oryginalny)

Słowa kluczowe

EN

Money; Money demand; Monetary policy

PL

Pieniądz; Popyt na pieniądze; Polityka pieniężna

• Czasopismo: Zeszyty Naukowe Uczelni Vistula
• Rocznik: 2012
• Numer: nr 30
• Strony: 121--128

Twórcy

autor

Recep Düzgün

• Erciyes University, Kayseri, Turkey

autor

Jan Fazlagič

• Vistula University, Poland

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