Cilt 9, Sayı 16, Sayfalar 35 - 48 2017-05-23

AN ASSESMENT ON INTEREST RATE PARITY APPROACH
FAİZ ORANI PARİTESİ YAKLAŞIMI ÜZERİNE BİR DEĞERLENDİRME

Ahmet Güney [1] , Halil Tunalı [2]

72 135

In this study, empirical studies on covered interest rate parity and uncovered interest rate parity which are frequently used in the construction of both international finance and open-economy macroeconomic models were surveyed. When studies that based on econometric model, country and period evaluated in general three important findings are attained. First of all, it is rare to find studies that both hypotheses are valid. Secondly, in studies that more current econometric methods were used more supporting findings for hypotheses were observed. Lastly, validity likelihood of hypotheses rises in financial markets that are more stable and more integrated to each other, transaction costs and financial risks are low and capital controls are minimized in between. Findings are expected to be beneficial to researchers that interests in the subject. 

Bu çalışmada, gerek uluslararası finans gerekse de açık-ekonomi makroekonomik modellerin inşasında sıklıkla kullanılan kapsanmış ve kapsanmamış faiz oranı paritesi yaklaşımları üzerine yapılan ampirik çalışmalar incelenmektedir. Ekonometrik yöntem, ülke ve dönem temelli ele alınan çalışmalar genel bir değerlendirmeye tabi tutulduğunda üç önemli bulguya rastlanılmaktadır. İlk olarak, her iki hipotezin de geçerli olduğu çalışmalara oldukça az rastlanılmıştır. İkinci olarak, daha güncel ekonometrik yöntemlerin kullanıldığı çalışmalarda ise hipotezleri destekler sonuçların daha fazla olduğu görülmüştür. Son olarak ise, aralarındaki sermaye kontrollerinin minimize edildiği, birbirlerine daha fazla entegre olmuş, işlem maliyetlerinin düşük, finansman riskinin az ve istikrarlı finans piyasalarında hipotezlerin geçerlilik olasılıkları yükselmektedir. Bulguların, konuyla ilgilenen araştırmacılara faydalı olabileceği düşünülmektedir.

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Yazar: Ahmet Güney
E-posta: gmhtunali@gmail.com
Kurum: Atatürk Üniversitesi
Ülke: Turkey


Yazar: Halil Tunalı
E-posta: gmhtunali@gmail.com
Kurum: İstanbul Üniversitesi
Ülke: Turkey


Bibtex @araştırma makalesi { kilisiibfakademik304359, journal = {Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD)}, issn = {1309-3762}, address = {Kilis 7 Aralık Üniversitesi}, year = {2017}, volume = {9}, pages = {35 - 48}, doi = {10.20990/kilisiibfakademik.304359}, title = {AN ASSESMENT ON INTEREST RATE PARITY APPROACH}, language = {en}, key = {cite}, author = {Tunalı, Halil and Güney, Ahmet} } @araştırma makalesi { kilisiibfakademik304359, journal = {Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD)}, issn = {1309-3762}, address = {Kilis 7 Aralık Üniversitesi}, year = {2017}, volume = {9}, pages = {35 - 48}, doi = {10.20990/kilisiibfakademik.304359}, title = {FAİZ ORANI PARİTESİ YAKLAŞIMI ÜZERİNE BİR DEĞERLENDİRME}, language = {tr}, key = {cite}, author = {Tunalı, Halil and Güney, Ahmet} }
APA Güney, A , Tunalı, H . (2017). AN ASSESMENT ON INTEREST RATE PARITY APPROACH. Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD), 9 (16), 35-48. DOI: 10.20990/kilisiibfakademik.304359
MLA Güney, A , Tunalı, H . "AN ASSESMENT ON INTEREST RATE PARITY APPROACH". Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) 9 (2017): 35-48 <http://dergipark.gov.tr/kilisiibfakademik/issue/25252/304359>
Chicago Güney, A , Tunalı, H . "AN ASSESMENT ON INTEREST RATE PARITY APPROACH". Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) 9 (2017): 35-48
RIS TY - JOUR T1 - FAİZ ORANI PARİTESİ YAKLAŞIMI ÜZERİNE BİR DEĞERLENDİRME AU - Ahmet Güney , Halil Tunalı Y1 - 2017 PY - 2017 N1 - doi: 10.20990/kilisiibfakademik.304359 DO - 10.20990/kilisiibfakademik.304359 T2 - Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) JF - Journal JO - JOR SP - 35 EP - 48 VL - 9 IS - 16 SN - 1309-3762-2149-1585 M3 - doi: 10.20990/kilisiibfakademik.304359 UR - http://dx.doi.org/10.20990/kilisiibfakademik.304359 Y2 - 2017 ER -
EndNote %0 Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) FAİZ ORANI PARİTESİ YAKLAŞIMI ÜZERİNE BİR DEĞERLENDİRME %A Ahmet Güney , Halil Tunalı %T FAİZ ORANI PARİTESİ YAKLAŞIMI ÜZERİNE BİR DEĞERLENDİRME %D 2017 %J Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) %P 1309-3762-2149-1585 %V 9 %N 16 %R doi: 10.20990/kilisiibfakademik.304359 %U 10.20990/kilisiibfakademik.304359