Economics, Econometrics and Finance
4 years ago

Foreign currency debt drives up prices after currency depreciation in Turkey.

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RePEc: Research Papers in Economics
Foreign Currency Debt and the Exchange Rate Pass-Through
Salih Fendoğlu, Mehmet Selman Çolak, Yavuz Selim Hacıhasanoğlu

Paper Summary

Foreign currency debt in Turkey leads to higher prices for domestic goods when the local currency loses value. This effect is stronger for sectors with more short-term foreign debts.

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