FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE
Yıl: 2019 Cilt: 11 Sayı: 21 Sayfa Aralığı: 264 - 286 Metin Dili: İngilizce DOI: 10.14784/marufacd.623408 İndeks Tarihi: 28-01-2021
FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE
Öz: 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.
Anahtar Kelime: -
Öz: Son yıllarda finansal dolarizasyon gelişen piyasalarda ciddi şekilde artış göstermiştir. Finansal dolarizasyondaki bu artış politika yapıcıları kaygılandırabileceği gibi, bankalar ve devlet için bir yastık görevi görür. Döviz mevduat hesaplarındaki artışın nedeni; alım gücünü korumak, spekülasyon veya likidite kaygısı olabilir. Bu çalışmanın amacı, döviz mevduat hesapları ile vadesiz hesaplar, TL/USD, enflasyon, güven endeksi, oynaklık endeksi, TL mevduatlar, dolar endeksi gibi değişkenlerin ilişkisine VECM modeli kullanarak ışık tutmaktır. Vadesiz döviz mevduat hesapları ile pozitif anlamlı bir ilişki tespit edilirken; enflasyon ile negative, anlamlı bir ilişki bulunmuştur. Döviz mevduat hesaplarındaki artışın olası, olumsuz etkilerini en aza indirgemek için etki eden unsurları yakınen izlenmelidir.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | SÖNMEZER S, ÇELİK I (2019). FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. , 264 - 286. 10.14784/marufacd.623408 |
| Chicago | SÖNMEZER Sıtkı,ÇELİK Ismail Erkan FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. (2019): 264 - 286. 10.14784/marufacd.623408 |
| MLA | SÖNMEZER Sıtkı,ÇELİK Ismail Erkan FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. , 2019, ss.264 - 286. 10.14784/marufacd.623408 |
| AMA | SÖNMEZER S,ÇELİK I FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. . 2019; 264 - 286. 10.14784/marufacd.623408 |
| Vancouver | SÖNMEZER S,ÇELİK I FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. . 2019; 264 - 286. 10.14784/marufacd.623408 |
| IEEE | SÖNMEZER S,ÇELİK I "FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE." , ss.264 - 286, 2019. 10.14784/marufacd.623408 |
| ISNAD | SÖNMEZER, Sıtkı - ÇELİK, Ismail Erkan. "FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE". (2019), 264-286. https://doi.org/10.14784/marufacd.623408 |
| APA | SÖNMEZER S, ÇELİK I (2019). FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. Finansal Araştırmalar ve Çalışmalar Dergisi, 11(21), 264 - 286. 10.14784/marufacd.623408 |
| Chicago | SÖNMEZER Sıtkı,ÇELİK Ismail Erkan FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. Finansal Araştırmalar ve Çalışmalar Dergisi 11, no.21 (2019): 264 - 286. 10.14784/marufacd.623408 |
| MLA | SÖNMEZER Sıtkı,ÇELİK Ismail Erkan FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. Finansal Araştırmalar ve Çalışmalar Dergisi, vol.11, no.21, 2019, ss.264 - 286. 10.14784/marufacd.623408 |
| AMA | SÖNMEZER S,ÇELİK I FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. Finansal Araştırmalar ve Çalışmalar Dergisi. 2019; 11(21): 264 - 286. 10.14784/marufacd.623408 |
| Vancouver | SÖNMEZER S,ÇELİK I FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE. Finansal Araştırmalar ve Çalışmalar Dergisi. 2019; 11(21): 264 - 286. 10.14784/marufacd.623408 |
| IEEE | SÖNMEZER S,ÇELİK I "FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE." Finansal Araştırmalar ve Çalışmalar Dergisi, 11, ss.264 - 286, 2019. 10.14784/marufacd.623408 |
| ISNAD | SÖNMEZER, Sıtkı - ÇELİK, Ismail Erkan. "FACTORS CAUSING CHANGE IN FOREIGN EXCHANGE DEPOSITS IN AN EMERGING ECONOMY: TURKEY CASE". Finansal Araştırmalar ve Çalışmalar Dergisi 11/21 (2019), 264-286. https://doi.org/10.14784/marufacd.623408 |
