Berument, HakanYucel, E. M.2016-02-082016-02-0820080003-6846http://hdl.handle.net/11693/23047This 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.EnglishCurrency marketExchange rateExportImportInflationEurasiaTurkeyArticle10.1080/000368406009493221466-4283