Denomination composition of trade and trade balance: evidence from Turkey

Date
2005
Advisor
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Co-Advisor
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Instructor
Source Title
Applied Economics
Print ISSN
0003-6846
Electronic ISSN
1466-4283
Publisher
Routledge
Volume
37
Issue
10
Pages
1177 - 1191
Language
English
Type
Article
Journal Title
Journal ISSN
Volume Title
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Abstract

The currency denominations of a country's exports and imports are not necessarily the same. If this is the case, then a change in the exchange rate parity among major currencies will affect the trade balance. The empirical evidence provided from Turkey - where exports are mostly denominated in Euros and imports are mostly denominated in USD - suggests that an appreciation of the Euro against the USD would increase the output in the long-run, appreciate the local currency and improve the trade balance for the 1985:01 2003:07 period. © 2005 Taylor & Francis Group Ltd.

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Book Title
Keywords
Balance of trade, Currency market, Export, Eastern Hemisphere, Eurasia, Turkey, World
Citation
Published Version (Please cite this version)