THE ENDOGENTY ANALYSIS OF MONEY SUPPLY THE CASE OF TURKEY(2006-2017)

The Endogenty Analys？s Of Money Supply The Case Of Turkey(2006-2017)named study is an emperical study researched by the author. The aim of this study is to determine whether 2006Q1-2017Q4 period the endogeneity of money supply in Turkey. Whether the money supply is endogenous or not is determined by the causality analysis in the economic literature. In this study, M1, M2 and M3 Money Supply, Total Credit Volum, Nominal Gross Domestic Product and Consumer Price Indices were used as variables to perform causality analyzes. Firstly, stationary states of variables were determined by Augment Dickey Füller and Phillips-Perron unit root tests. According to the unit root test results, variables were found to be stable at different levels. The Toda-Yamamoto causality test was performed with stationary series at different levels. According to causality test results obtained from the causality tests analysis the money supply was not determine endegenous in the analysis period in Turkey