This study empirically analyzes Turkey's money demand function from 1987 to 2010 using annual data for M1, GDP, and interest rates. It formulates the model based on Keynes' liquidity preference theory, which states that money demand is positively related to income and negatively related to interest rates. The model is estimated using OLS regression. The results show that GDP has a statistically significant positive relationship with money demand as expected, but the interest rate is statistically insignificant. However, the study notes that additional tests like unit root and cointegration were not performed, so the results may not be reliable.
Istanbul is a unique city that straddles Europe and Asia and has served as the capital of two empires. It retains the historical, cultural, and commercial importance as the former capital of the Ottoman Empire. Major attractions include Topkapi Palace, once home to the Ottoman sultans, the Blue Mosque known for its blue Iznik tiles, Hagia Sophia which has witnessed over 1600 years of history, and the Grand Bazaar, a massive labyrinth of shops. Istanbul offers a blend of ancient and modern sites and architecture, reflecting its diverse history and the influence of multiple empires and religions.
I presented this subject that "Outward-Looking Development Policies" in the course International Economics(Fatih SAYGILI)(2010-2011,Ege University,Economics)
I presented this subject that "Outward-Looking Development Policies" in the course International Economics(Fatih SAYGILI)(2010-2011,Ege University,Economics)
