Effects of USD-Euro parity on a small open economy: evidence from Turkey
Date
2008
Authors
Advisor
Instructor
Source Title
Applied Economics
Print ISSN
0003-6846
Electronic ISSN
1466-4283
Publisher
Routledge
Volume
40
Issue
16
Pages
2165 - 2174
Language
English
Type
Article
Journal Title
Journal ISSN
Volume Title
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.
Course
Other identifiers
Book Title
Keywords
Currency market, Exchange rate, Export, Import, Inflation, Eurasia, Turkey