DMCA
EXAMINING THE VALIDITY OF PPP: THE BLACK MARKET EXCHANGE RATE VERSUS OFFICIAL RATE1
by
Alper Aslan
,
Ferit Kula
BibTeX
@MISC{Aslan_examiningthe,
author = {Alper Aslan and Ferit Kula},
title = {EXAMINING THE VALIDITY OF PPP: THE BLACK MARKET EXCHANGE RATE VERSUS OFFICIAL RATE1},
year = {}
}
Share
 |
 |
 |
 |
||
OpenURL
Abstract
The long-run purchasing power parity (PPP) hypothesis is re-examined for Turkey by using the black market and official exchange rate through standard (ADF, PP) newer and more powerful tests (KPSS, DF-GLS) for the period 1969M1- 1998 M12. Over all result implies all unit root test support PPP in Turkey. This could be explained by a high similarity with the exchange rate series.
