The Impact of the Turkish Presidential System on the Turkish Lira
The political system always has a significant impact on economic indicators. Currency exchange is one of the indicators, which is influenced directly or indirectly by political developments. Investors and economic agents make investment decisions by not only economic outcomes but also political d...
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| Format: | Article |
| Language: | English |
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University of Warsaw
2021-05-01
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| Series: | Journal of Banking and Financial Economics |
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| Online Access: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1028&context=jbfe |
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| _version_ | 1841562895894183936 |
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| author | Mahmut Zeki Akarsu |
| author_facet | Mahmut Zeki Akarsu |
| author_sort | Mahmut Zeki Akarsu |
| collection | DOAJ |
| description | The political system always has a significant impact on economic indicators. Currency exchange
is one of the indicators, which is influenced directly or indirectly by political developments.
Investors and economic agents make investment decisions by not only economic outcomes
but also political developments. Turkey is one of the countries, which can be an example of
a domestic currency losing value significantly due to undemocratic political actions since the 2017
referendum. Therefore, in this study, the impact of the new presidential system on the Turkish
Lira is investigated using the Bayesian structural time-series model in R software.
According to the literature search, this study is the first article that analyzes how much the Turkish
Lira decoupled negatively from peers and how badly the Turkish presidential system harms the
Turkish Lira.
According to the result, the undemocratic and unorthodox economic and political implementations
cause the Turkish Lira to have dropped sharply and have decoupled negatively from other
currencies significantly. |
| format | Article |
| id | doaj-art-0978f1cdb14a45c2a61541ea434e1f85 |
| institution | Kabale University |
| issn | 2353-6845 |
| language | English |
| publishDate | 2021-05-01 |
| publisher | University of Warsaw |
| record_format | Article |
| series | Journal of Banking and Financial Economics |
| spelling | doaj-art-0978f1cdb14a45c2a61541ea434e1f852025-01-03T00:36:48ZengUniversity of WarsawJournal of Banking and Financial Economics2353-68452021-05-0120211(15)142410.7172/2353-6845.jbfe.2021.1.2The Impact of the Turkish Presidential System on the Turkish LiraMahmut Zeki Akarsu0https://orcid.org/0000-0002-8140-4124Warsaw University, PolandThe political system always has a significant impact on economic indicators. Currency exchange is one of the indicators, which is influenced directly or indirectly by political developments. Investors and economic agents make investment decisions by not only economic outcomes but also political developments. Turkey is one of the countries, which can be an example of a domestic currency losing value significantly due to undemocratic political actions since the 2017 referendum. Therefore, in this study, the impact of the new presidential system on the Turkish Lira is investigated using the Bayesian structural time-series model in R software. According to the literature search, this study is the first article that analyzes how much the Turkish Lira decoupled negatively from peers and how badly the Turkish presidential system harms the Turkish Lira. According to the result, the undemocratic and unorthodox economic and political implementations cause the Turkish Lira to have dropped sharply and have decoupled negatively from other currencies significantly.https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1028&context=jbfeturkish liracurrencydemocracybayesian structural time-series model |
| spellingShingle | Mahmut Zeki Akarsu The Impact of the Turkish Presidential System on the Turkish Lira Journal of Banking and Financial Economics turkish lira currency democracy bayesian structural time-series model |
| title | The Impact of the Turkish Presidential System on the Turkish Lira |
| title_full | The Impact of the Turkish Presidential System on the Turkish Lira |
| title_fullStr | The Impact of the Turkish Presidential System on the Turkish Lira |
| title_full_unstemmed | The Impact of the Turkish Presidential System on the Turkish Lira |
| title_short | The Impact of the Turkish Presidential System on the Turkish Lira |
| title_sort | impact of the turkish presidential system on the turkish lira |
| topic | turkish lira currency democracy bayesian structural time-series model |
| url | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1028&context=jbfe |
| work_keys_str_mv | AT mahmutzekiakarsu theimpactoftheturkishpresidentialsystemontheturkishlira AT mahmutzekiakarsu impactoftheturkishpresidentialsystemontheturkishlira |