TESTING EXCHANGE RATE DETERMINATION MODEL FOR YTL/US$: EVIDENCE FROM HIGH FREQUENCY DATA
Uşak Üniversitesi Sosyal Bilimler DergisiCilt 2008/1, Sayı 2
In this paper, exchange rate determination mechanism of YTL/US$ is examined for the 1986M01-2007M08 period of monthly frequency data. Using a theoretical approach based on the monetary model exchange rate determination mechanism, estimation results obtained from contemporaneous multivariate co-integration methodology …