Effects of USD-Euro parity on a small open economy: evidence from Turkey
Date
2008
Authors
Editor(s)
Advisor
Supervisor
Co-Advisor
Co-Supervisor
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
Journal Title
Journal ISSN
Volume Title
Series
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.