Monetary Policy and Exchange Rate Dynamics in Emerging Markets: An Empirical Study of Türkiye

Mammadov, Avaz (2025) Monetary Policy and Exchange Rate Dynamics in Emerging Markets: An Empirical Study of Türkiye. In: FENNTARTHATÓSÁGI ÁTMENET – INNOVÁCIÓS ÖKOSZISZTÉMÁK – DIGITÁLIS MEGOLDÁSOK: Konferenciakötet. Soproni Egyetem Kiadó, Sopron, pp. 606-624. ISBN 9789633345504

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Hivatalos webcím (URL): https://doi.org/10.35511/978-963-334-550-4-s9-7

Absztrakt (kivonat)

Monetary policy has an important role in maintaining economic stability, particularly in emerging economies where exchange rate volatility is a common concern. Although the relationship between monetary policy and exchange rate fluctuations has been a topic of intense discussion, the outcomes, particularly for emerging countries, are mixed. This study focuses on Türkiye, given its extensive experience with many financial and economic crises, making it a great case study for economists. The primary goal of this paper is to gauge the impact of monetary policy on exchange rate volatility and examine if there is a relationship. The study was conducted using econometric techniques such as Ordinary Least Squares (OLS) regression, Engle-Granger cointegration, and Johansen cointegration tests and supplied by theoretical findings over the 20-years period from 2001 to 2021. The findings indicate a strong correlation between monetary policy and currency movements in Türkiye. However, during periods of currency crises, external factors independent of monetary policy have also played a significant role.

Tudományterület / tudományág

társadalomtudományok > gazdálkodás- és szervezéstudományok
társadalomtudományok > közgazdaságtudományok

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Soproni Egyetem

Mű tipusa: Könyv része
SWORD Depositor: Teszt Sword
Felhasználó: Csaba Horváth
A mű MTMT azonosítója: MTMT:36063669
Dátum: 01 Ápr 2025 10:42
Utolsó módosítás: 01 Ápr 2025 10:42
URI: http://publicatio.uni-sopron.hu/id/eprint/3569

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