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Journals / Journal of Life Economics / 2021 / Cilt: 8 - Sayı: 2

The analysis of relationship between interest rate and exchange rate in Turkey (2003-2020)

Türkiye’de faiz oranı ile döviz kuru i̇lişkisinin analizi (2003-2020)

Eda KÜÇÜK
Deniz Dilara DERELİ
Pages
193–200
Publication Date
2021-05-17
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In this study the causality and cointegration relationship between exchange rate and interest rate in Turkey for 2003-2020 period are examined and mutual relationship in the long term is identified.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Interest rate and exchange rate stand out as two important factors in terms of macroeconomic stability in economies.
📊
Key Findings & Data:For this reason, the interaction between exchange rate and interest rate should be taken into account in the regulation of economic policies.
💡
Conclusion & Impact:In this study the causality and cointegration relationship between exchange rate and interest rate in Turkey for 2003-2020 period are examined and mutual relationship in the long term is identified.
🔬Design:Research Article
📍Scope:2003-2020 Verileri
⚙️Variables:Faiz Oranı · Döviz Kuru · Nedensellik Analizi

Abstract

Interest rate and exchange rate stand out as two important factors in terms of macroeconomic stability in economies. For this reason, the interaction between exchange rate and interest rate should be taken into account in the regulation of economic policies. In this study the causality and cointegration relationship between exchange rate and interest rate in Turkey for 2003-2020 period are examined and mutual relationship in the long term is identified.

Özet

Ekonomilerde faiz oranı ve döviz kuru makroekonomik istikrar açısından iki önemli unsur olarak öne çıkmaktadır. Bu sebeple döviz kuru ve faiz oranı arasındaki etkileşimin ekonomi politikalarının düzenlemesinde dikkate alınması gerekmektedir. Bu çalışmada Türkiye’de 2003-2020 döneminde döviz kuru ve faiz oranı arasındaki nedensellik ve eşbütünleşme ilişkisi incelenmiş ve uzun dönemde karşılıklı ilişki tespit edilmiştir.

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Cite This Article

KÜÇÜK, E., DERELİ, D. D. (2021). The analysis of relationship between interest rate and exchange rate in Turkey (2003-2020). Journal of Life Economics, Cilt: 8 - Sayı: 2, 193–200. https://ajindex.com/articles/220506

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