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 …

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 …

inflation tax revenue. Finally, the Cagan model is estimated with the additional assumption of rational expectations for Turkey …

related with money policy of Turkey were realised, and 1999(IV) when drastic measures were taken to cope with inflation …

This paper contains an empirical analysis of currency substitution in Turkey: a simple relationship between the share …