Effects of USD-Euro parity on a small open economy: evidence from Turkey
Yucel, E. M.
2165 - 2174
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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.