• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2014 Vol.5(4): 322-326 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2014.V5.391

Econometric Modeling of Turkish Participatory Banks Deposits

Hüseyin Çetin
Abstract—That article is about the financial parameters relationship with Turkish participatory banks deposits. Those financial parameters are 3 Month London Libor rates, 1 Ounce London Gold Prices and Turkey’s Customer Price Index data. First lag value of Turkish participatory banks total deposits has significant impact on Turkish participatory banks deposits. It was found that none of the financial parameters have significant effect on Turkish participatory banks deposits between the monthly data of December 2005-November 2013. Nevertheless, according to Johansen cointegration test, there is long term relationship between all variables. Comparative performance analysis of 3 Month London Libor rates and Customer Price Index data has been done. By implementing Granger causality analysis, impulse response analysis and variance decomposition analysis and vector error correction model, it was found that Libor3M rates are more successful than Turkey’s Customer Price Index data and 1 Ounce London gold prices for evaluating the change of Turkish participatory banks deposits. According to vector error correction model, 3 month Libor rates have negative adjustment effect on Turkish participatory banks deposits. Turkey’s Customer Price Index rates do not have negative adjustment effect on Turkish participatory banks deposits.

Index Terms—First lag value of Turkish participatory banks deposits, 3 Month Libor rates, London gold prices, Turkish participatory banks deposits, customer price index, PLS.

Hüseyin Çetin is with the Okan University, Social Science Institute, Istanbul, Turkey (e-mail: h_cetin86@hotmail.com).

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Cite: Hüseyin Çetin, "Econometric Modeling of Turkish Participatory Banks Deposits," International Journal of Trade, Economics and Finance vol.5, no.4, pp. 322-326, 2014.

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