@article {Berument:2004:0003-6846:2429,
title = "The effects of exchange rate risk on economic performance: the Turkish experience",
journal = "Applied Economics",
parent_itemid = "infobike://routledg/raef",
publishercode ="routledg",
year = "2004",
volume = "36",
number = "21",
publication date ="2004-12-10T00:00:00",
pages = "2429-2441",
itemtype = "ARTICLE",
issn = "0003-6846",
eissn = "1466-4283",
url = "https://www.ingentaconnect.com/content/routledg/raef/2004/00000036/00000021/art00009",
doi = "doi:10.1080/0003684042000287637",
author = "Berument, Hakan and Nergiz Dincer, N.",
abstract = "This study examines the effects of real exchange rate risk on the economic performance for an emerging, small open economy: Turkey. When the ratios of the total foreign exchange liabilities of the Central Bank of the Republic of Turkey (CBRT) to: (1) total reserves; (2) the CBRT's reserves; and (3) the CBRT's total Turkish lira liabilities are taken proxy of exchange rate risk, the empirical evidence suggests that the increase in exchange rate risk causes a depreciation in the real exchange rate, an increase in prices and a decrease in output.",
}