ALPER, Ahmet Murat - In: Journal of BRSA Banking and Financial Markets 5 (2011) 1, pp. 35-72
This paper aims to explain the sources of real exchange rate fluctuations in Turkey. For this purpose, a bivariate SVAR … effect on the real exchange rate. The results indicate that unlike the previous study of Erlat and Erlat (1998), the … contribution of nominal shocks to real exchange rate fluctuations and the contribution of real shocks to nominal exchange rate are …