Effects of USD-Euro parity on a small open economy: evidence from Turkey
Date
2008
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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.
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Applied Economics
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Routledge
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English