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The money demand process in Turkey during the period 1987:1-2002:3 can be explained better in the sense of Cagan (1956 … persistently high inflationary process in Turkey. -- Demand for Money ; High Inflation ; Granger Causality ; Exogeneity of Money …
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We analyze the effects of credit and debit cards on the currency in circulation by using GMM estimation. Instead of … all credit and debit cards usage of a small open economy, Turkey, for the period over 2002M1-2006M10. As expected from the …
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