ON THE EXISTENCE POLITICAL EXCHANGE RATE FLUCTUATIONS IN THE FLEXIBLE EXCHANGE RATE REGIMES: A CASE OF TURKEY
ESNEK KUR REJİMİNDE POLİTİK DÖVİZ KURU DALGALANMALARININ VARLIĞI: TÜRKİYE ÖRNEĞİ

Author : Ahmet Emrah TAYYAR
Number of pages : 423-442

Abstract

According to the theory of political exchange rate fluctuations, politicians manipulate the exchange rate in order to be able to be re-elected during election periods. According to the theory, in countries with a particularly foreign dependent and flexible exchange rate regime, the exchange rate is reduced by using the reserves of the central bank before the election to increase the purchasing power of the i

Keywords

Political Business Cycles, Political Exchange Rate Fluctuations, Intervention Analysis, Central Bank

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