Gökcan, I. Aysun; Özmen, Erdal - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2001
This paper investigates the empirical validity of the capital enhanced equilibrium exchange rates (CHEERs) model for the Turkish data. The results of the Johansen cointegration analyses for the variable system containing Turkish and US inflation rates, interest rates, and exchange rate suggest...