Effects of USD-Euro parity on a small open economy: evidence from Turkey

Date
2008
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Source Title
Applied Economics
Print ISSN
0003-6846
Electronic ISSN
1466-4283
Publisher
Routledge
Volume
40
Issue
16
Pages
2165 - 2174
Language
English
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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.

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