| dc.creator |
ÇETİN, Ali Cüneyt |
|
| dc.date |
2020-06-30T00:00:00Z |
|
| dc.date.accessioned |
2020-10-11T18:54:43Z |
|
| dc.date.available |
2020-10-11T18:54:43Z |
|
| dc.identifier |
https://dergipark.org.tr/tr/pub/oguzhan/issue/55728/742435 |
|
| dc.identifier |
|
|
| dc.identifier.uri |
https://hdl.handle.net/11672/3348 |
|
| dc.description |
This study examines the relationship between precious metal deposit accounts and gold prices and exchange rates, TRL deposit and foreign exchange deposit accounts, interest rate and inflation index by using monthly data from January 2003 to December 2019. It has been tried to determine whether precious metal deposit accounts in banks and free market grams of gold bullion can be used for hedge for investment in foreign currency (dollar and euro) and TRL deposit accounts. For this purpose, the short-term relationship between precious metal deposit accounts and exchange rate, deposit accounts, interest rate, inflation index; the long-term relationship of gold with exchange rate, interest rate and inflation index was analyzed. Within the scope of short term relationships, descriptive statistics were calculated and correlation and multivariate regression analyzes were used, while long term relationships were tried to determine the deviations of the variables from the short term equilibrium with the stationary test, cointegration test, Granger causality test, vector error correction model. In the study, three-stage regression analysis was used. First regression analysis results, precious metal deposit accounts; It shows that it has a positive relationship with foreign currency time deposit accounts, CPI-based inflation index and TL deposit accounts, and a negative relationship with interest rate. In addition, precious metal deposit accounts were found to have negative and small beta accounts against foreign currency time deposits and TL time deposits. Second regression analysis results, precious metal deposit accounts; has shown that it has a positive relationship with gold and CPI based inflation index and a negative relationship with interest rate. In the third regression model, gold price was found to be negative with interest and euro exchange rate variables and positively with PPI variable. Precious metal deposit accounts were found to have a negative and small beta against foreign currency time deposits and TL time deposits. As a result of the Granger causality test, it was determined that the bidirectional causality relationship is between CPI and gold prices, between PPI and gold prices, and the one-way causality relationship is from gold prices to dollar, euro and interest. It is determined that the gold price affects the CPI and PPI-based inflation indices, while the gold price affects the dollar exchange rate, the euro exchange rate and the interest rate. |
|
| dc.description |
Bu çalışmada Kıymetli Maden Depo Hesapları ve altın fiyatı ile döviz kuru, TL ve döviz vadeli mevduat hesapları, faiz oranı ve enflasyon endeksi arasındaki ilişkiler analiz edilmiştir. Türkiye’de 2003 Ocak - 2019 Aralık dönemi aylık bazda bankalardaki Kıymetli Maden Depo Hesaplarının ve serbest piyasa gram külçe altının, dövize (dolar ve euro) ve vadeli mevduat hesaplarına yatırım için hedge (finansal riskten korunma) amaçlı kullanılıp kullanılamayacağı belirlenmeye çalışılmıştır. Bu amaçla Kıymetli Maden Depo Hesaplarının döviz kuru, vadeli mevduat hesapları, faiz oranı ve enflasyon endeksi arasındaki kısa dönemli ilişkisi; altının, döviz kuru, faiz oranı ve enflasyon endeksi ile olan uzun dönemli ilişkisi analiz edilmiştir. Kısa dönemli ilişkiler kapsamında tanımlayıcı istatistikler hesaplanarak korelâsyon ve çok değişkenli regresyon analizleri kullanılmış, uzun dönemli ilişkilerde ise serilerin durağanlık testi, eşbütünleşme testi, Granger nedensellik testi, vektör hata düzeltme modeli ile değişkenlerin kısa dönemli dengeden sapmaları belirlenmeye çalışılmıştır. |
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| dc.format |
application/pdf |
|
| dc.language |
tr |
|
| dc.publisher |
Burdur Mehmet Akif Ersoy University |
|
| dc.publisher |
Burdur Mehmet Akif Ersoy Üniversitesi |
|
| dc.relation |
https://dergipark.org.tr/tr/download/article-file/1182228 |
|
| dc.source |
Volume: 2, Issue: 1
17-45 |
en-US |
| dc.source |
2687-5845 |
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| dc.source |
2687-5845 |
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| dc.source |
Oğuzhan Sosyal Bilimler Dergisi |
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| dc.subject |
Precious Metal Deposit Accounts,Gold,Foreign Exchange,Deposit Accounts,Inflation Index |
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| dc.subject |
Kıymetli Maden Depo Hesapları,Altın,Döviz,Vadeli Mevduat |
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| dc.title |
ANALYSIS OF RELATED FACTORS WITH PRECIOUS METAL DEPOSIT ACCOUNTS AND GOLD PRICES IN TURKEY |
en-US |
| dc.title |
TÜRKİYE’DE KIYMETLİ MADEN DEPO HESAPLARI VE ALTIN FİYATLARI İLE İLİŞKİLİ FAKTÖRLERİN ANALİZİ |
tr-TR |
| dc.type |
info:eu-repo/semantics/article |
|