Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  Optimum Currency Areas Theory
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

Optimum Currency Areas Theory: An Empirical Application to Turkey

100%
Ozer I., Ozkan I., Aktan O.
South East European Journal of Economics and Business
|
2007
|
vol. 2
|
issue 2
75-88
EN
This study aims to assess Turkey's position relative to European countries with respect to the optimum currency areas (OCA) criteria, taking Germany as the center country and employing Mahalanobis distance as a similarity measure. To this end, we followed a novel approach in the application of Hodrick-Prescott and Baxter-King filters to the industrial production series and the real interest rates under three cases. We then computed OCA similarity indices, calculated countries' similarities with respect to Germany and their nearest neighbors, and compared the results. Our results show that Turkey is the second furthest neighbor country to Germany after Croatia in the first two cases. However, Turkey is the third furthest country to Germany after Norway and Romania in the third case
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.