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| Tekijä: | Akgiray, V. |
| Otsikko: | A causal analysis of black and official exchange rates: the Turkish case |
| Lehti: | Weltwirtschaftliches Archiv
1989 : VOL. 125:2, p. 337-350 |
| Asiasana: | EXCHANGE RATES TIME SERIES TURKEY |
| Kieli: | eng |
| Tiivistelmä: | The purpose of the paper is to investigate the causal relationship between the Turkish official and black markets for the US dollar and West-German mark. To this end, hypotheses concerning the direction of causality are developed for Dornbusch et al. (1983) and Olguns (1984) models. The hypotheses are tested using Granger-type causality techniques. Compared to other studies of black and official foreign exchange markets, the availability of daily data permits a more robust test of lead/lag relationships. |
SCIMA