Effects of USD-Euro parity on a small open economy: evidence from Turkey
Authors: Berument, Hakan1; Yucel, Eray2
Source: Applied Economics, Volume 40, Number 16, August 2008 , pp. 2165-2174(10)
Abstract:
This study assesses the effect of USD-Euro parity on a small open economy where exports are predominantly denominated in Euros and imports are denominated in USD. Empirical evidence from Turkey suggests that a positive change in the USD value of the Euro appreciates the local currency, decreases inflation and increases output.Document Type: Research article
DOI: http://dx.doi.org/10.1080/00036840600949322
Affiliations: 1: Department of Economics, Bilkent University, Turkey 2: Research and Monetary Policy Department, Turkey
Publication date: 2008-08-01
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