Author/Authors
KAYHAN, Selim Bozok University - Faculty of Business and Administration - Department of Economics, Turkey , BAYAT, Tayfur İnönü University - Faculty of Business and Administration - Department of Economics, Turkey , UĞUR, Ahmet İnönü University - Faculty of Business and Administration - Department of Economics, Turkey
Title Of Article
Interest Rates and Exchange Rate Relationship in BRIC-T Countries
شماره ركورد
44381
Abstract
This study examines the dynamic relationships between the real exchange rate and the real interest rate in the BRIC-T (Brazil, Russia, India, China and Turkey) countries by employing monthly data from the beginning of flexible exchange rate regime to July 2011. For this aim, non-linear causality test and frequency domain causality test approaches are used. According to frequency domain causality test results, interest rate affects exchange rate in only China and this effect exist only in the long run. On the other hand, exchange rate shocks induce changes in interest rate in the shorter period.
From Page
227
NaturalLanguageKeyword
Interest rate , real exchange rate , BRIC , T , Frequency domain , nonlinear causality.
JournalTitle
Ege Academic Review (EAR)
To Page
236
JournalTitle
Ege Academic Review (EAR)
Link To Document