FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE
Küçük Resim Yok
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Financial dollarization has increased substantially in emerging markets in recent years. A material increasein financial dollarization may concern policy makers but it also serves as a cushion for banks and the states. Increase in foreign Exchange deposits may arise from the need to preserve purchasing power, speculation or liquidity concerns. This paper aims to shed light to the relation between foreign exchange deposits and factorssuch as sight FX deposits, USD/TRY parity, CPI, confidence ındex, VIX, TL deposits, dollar index via a VECMmodel. Sight FX deposits are found to be a positive and a statistically significant influencing factor on FX deposits; whereas, confidence index and CPI have a negative but a significant relation with FX deposits. Factorsthat have an influence on the increase in foreign Exchange deposits shall be closely monitored to mitigate theadverse effects of it.
Açıklama
Anahtar Kelimeler
Kaynak
Finansal Araştırmalar ve Çalışmalar Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
11
Sayı
21
