Türkiye ic̦in yeni reel efektif döviz kuru endeksleri

Purpose of this study is to revise the real effective exchange rates (REER) indexes released by Central Bank of Turkey. Within this framework, number of countries included in computation of new indexes is increased from 19 to 36 and for the country weights; recent trade developments are aimed to be captured by using bilateral trade data of 2006-2008 instead of the 1988-1990 periods that had been in use. Furthermore, functional real effective exchange rate indexes, enabling geographical analysis and allowing the differentiation of the pattern of competition classified in terms of internal-external market, are composed by deriving ULC, GDP deflators, export prices based indexes in addition to the CPI and PPI based REER.