The effects of exchange rate risk on economic performance: the Turkish experience

被引：10

作者：

Berument, H ^{[1
]}

Dincer, NN ^{[1
]}

机构：

[1] Bilkent Univ, Dept Econ, TR-06800 Ankara, Turkey

来源：

APPLIED ECONOMICS | 2004年 / 36卷 / 21期

关键词：

D O I：

10.1080/0003684042000287637

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the effects of real exchange rate risk on the economic performance for an emerging, small open economy: Turkey. When the ratios of the total foreign exchange liabilities of the Central Bank of the Republic of Turkey (CBRT) to: (1) total reserves; (2) the CBRT's reserves; and (3) the CBRT's total Turkish lira liabilities are taken proxy of exchange rate risk, the empirical evidence suggests that the increase in exchange rate risk causes a depreciation in the real exchange rate, an increase in prices and a decrease in output.

引用

页码：2429 / 2441

页数：13

共 14 条

[1]

Agenor P.-R., 1999, DEV MACROECONOMICS

[2]

[Anonymous], 5 BANK CAN

[3] Effects of the real exchange rate on output and inflation: Evidence from Turkey [J].