Serhat Yüksel

Country: Turkey
Affiliation: Associate Professor, The School of Business, Istanbul, Medipol University
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  • The effectiveness of exchange rate channel in Azerbaijan: an empirical analysis

    Shahriyar Mukhtarov , Serhat Yüksel , Elvsevar Ibadov , Hamid Hamidov doi: http://dx.doi.org/10.21511/bbs.14(1).2019.10
    Banks and Bank Systems Volume 14, 2019         Issue #1         pp. 111-121
    Views: 1788 Downloads: 261 TO CITE АНОТАЦІЯ

    The main purpose of this study is to make an analysis to understand whether the exchange rate channel is effective in Azerbaijan. In this framework, quarterly data between 2001:01 and 2017:02 is examined in this study. Furthermore, VAR method is taken into the consideration in the analysis process. The findings show that exchange rate channel is very important for Azerbaijani economy. In other words, the exchange rate channel is working on the total output and price axis. Hence, it is recommended that necessary actions should be taken by a central bank regarding the effective usage of exchange rate channel to contribute to industrial production and employment.

Banks and Bank Systems
Business, Management and Accounting Economics, Econometrics and Finance

Banks and Bank Systems

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