Berument, Hakan; Yucel, Eray - In: Applied Economics 40 (2008) 16, pp. 2165-2174
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...