Exchange Rate Private Sector Debt Nexus: Lessons fromTurkish Experience

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dc.contributor.authorKıdemli, Melek
dc.contributor.authorSürekçi Yamaçlı, Dilek
dc.date.accessioned2025-02-24T16:28:51Z
dc.date.available2025-02-24T16:28:51Z
dc.date.issued2020
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractExternal debt stock of the private sector is increased from 2002 to 2018 in Turkey. In this period, Turkish Lira depreciated against foreign currencies. This study is investigated the relationship between real exchange rate and private sector external debt during the period 2002-2018 in Turkey. Auxiliary variables included in the model are LIBOR, domestic interest rates and real GDP. Application methods of the study are Delayed Distributed Autoregressive Model (ARDL) and Error Correction Model (ECM). Results of the study shows that, respectively domestic interest rate, LIBOR and exchange rate effective variables on the private sector external borrowing in the long term. Beside, exchange rate’s effects on the private sector external debt is higher in the short term than long term. Other hand, there is no relationship between private sector external borrowing and domestic production in the short and long term.
dc.identifier.doi10.20409/berj.2020.234
dc.identifier.endpage62
dc.identifier.issn2619-9491
dc.identifier.issue1
dc.identifier.startpage51
dc.identifier.trdizinid407242
dc.identifier.urihttps://doi.org/10.20409/berj.2020.234
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/407242
dc.identifier.urihttps://hdl.handle.net/20.500.14440/441
dc.identifier.volume11
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofBusiness and Economics Research Journal
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_TR-Dizin_20250201
dc.subjectİktisat
dc.titleExchange Rate Private Sector Debt Nexus: Lessons fromTurkish Experience
dc.typeArticle

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