Hepsag, Aycan - In: Journal of BRSA Banking and Financial Markets 3 (2009) 1, pp. 63-80
The aim of this study is to investigate the validity of McKinnon’s complementarity hypothesis that puts forward by McKinnon (1993) and Shaw (1973) for Turkish economy. In the analysis the method of Dynamic Ordinary Least Squares (DOLS) that developed by Stock and Watson (1993) and the...