TY  - JOUR
TI  - RESERVE ADEQUACY IN TURKEY: A STUDY ON COMPARISON OF THE RESERVES WITH IMPORTS AND SHORT-TERM EXTERNAL DEBT*
AB  - The changes in the international reserves of a country, which reflect the financial power of an economy andconsidered significantly by international investors, are of great importance in terms of financial stability andare taken into consideration increasingly in the academic literature. Two of the traditional criteria used bythe International Monetary Fund to assess reserve adequacy is to compare the international reserve level ofa country with the optimal reserve amount, which represents %25 of the annual imports and to compare netinternational reserve level with short-term external debt. The objective of this study is to investigate theinternational reserve adequacy in Turkey over the period of 2011:Q3-2018:Q4 based on this approaches byemploying Fourier Granger causality test proposed by Enders and Jones (2016). The findings of the analysisindicate that while the reserves are adequate in Turkey according to the first approach, the reserves seeminadequate when taken into account the second approach in the relevant period.
AU  - Kılcı, Esra N.
DO  - 10.25287/ohuiibf.579905
PY  - 2019
JO  - Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
VL  - 12
IS  - 4
SN  - 2564-6931
SP  - 578
EP  - 588
DB  - TRDizin
UR  - http://search/yayin/detay/347418
ER  -