Exchange rate movements, inflation expectations, and currency substitution in Turkey /

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Bibliographic Details
Author / Creator:Scacciavillani, Fabio, author.
Imprint:[Washington, D.C.] : International Monetary Fund, European I Dept., ©1995.
Description:1 online resource (iii, 18 pages) : illustrations
Language:English
Series:IMF working paper ; WP/95/111
IMF working paper ; WP/95/111.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496759
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. European I Department, issuing body.
ISBN:1462302505
9781462302505
1455276766
9781455276769
1282041568
9781282041561
1455250422
9781455250424
9786613797155
6613797154
Notes:Includes bibliographical references (page 18).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:Annotation This paper contains an empirical analysis of currency substitution in Turkey: a simple relationship between the share of foreign currency holdings in M2X on one side and movements in the exchange rate or inflation on the other is derived from a two-stage portfolio choice model. This relationship is estimated by band spectrum regression which allows to remove from the data the short-term cyclical components. the results show that the relationship between currency substitution depends mainly on long-term movements in the exchange rate, while the effect of inflation on currency substitution is not statistically significant.
Other form:Print version: Scacciavillani, Fabio. Exchange rate movements, inflation expectations, and currency substitution in Turkey. [Washington, D.C.] : International Monetary Fund, European I Dept., ©1995
Standard no.:10.5089/9781455250424.001

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245 1 0 |a Exchange rate movements, inflation expectations, and currency substitution in Turkey /  |c prepared by Fabio Scacciavillani. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, European I Dept.,  |c ©1995. 
300 |a 1 online resource (iii, 18 pages) :  |b illustrations 
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504 |a Includes bibliographical references (page 18). 
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533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
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588 0 |a Print version record. 
520 8 |a Annotation  |b This paper contains an empirical analysis of currency substitution in Turkey: a simple relationship between the share of foreign currency holdings in M2X on one side and movements in the exchange rate or inflation on the other is derived from a two-stage portfolio choice model. This relationship is estimated by band spectrum regression which allows to remove from the data the short-term cyclical components. the results show that the relationship between currency substitution depends mainly on long-term movements in the exchange rate, while the effect of inflation on currency substitution is not statistically significant. 
546 |a English. 
650 0 |a Currency substitution  |z Turkey  |x Econometric models. 
650 0 |a Foreign exchange rates  |z Turkey  |x Econometric models. 
650 0 |a Inflation (Finance)  |z Turkey  |x Econometric models. 
650 6 |a Substitution monétaire  |z Turquie  |x Modèles économétriques. 
650 6 |a Taux de change  |z Turquie  |x Modèles économétriques. 
650 6 |a Inflation  |z Turquie  |x Modèles économétriques. 
650 7 |a Currency substitution  |x Econometric models.  |2 fast  |0 (OCoLC)fst00885341 
650 7 |a Foreign exchange rates  |x Econometric models.  |2 fast  |0 (OCoLC)fst00931818 
650 7 |a Inflation (Finance)  |x Econometric models.  |2 fast  |0 (OCoLC)fst00972453 
651 7 |a Turkey.  |2 fast  |0 (OCoLC)fst01208963 
710 2 |a International Monetary Fund.  |b European I Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/no92021092 
776 0 8 |i Print version:  |a Scacciavillani, Fabio.  |t Exchange rate movements, inflation expectations, and currency substitution in Turkey.  |d [Washington, D.C.] : International Monetary Fund, European I Dept., ©1995  |w (OCoLC)33893076 
830 0 |a IMF working paper ;  |v WP/95/111.  |0 http://id.loc.gov/authorities/names/no89010263 
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