Economics, Econometrics and Finance
3 years ago

Real Effective Exchange Rate Crucial for Turkey's Trade Balance Success.

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SSRN Electronic Journal
Real Effective Exchange Rate and Trade Balance Adjustment: The Case of Turkey
Plamen Iossifov, Xuan Fei

Paper Summary

The study looked at how changes in the value of money in Turkey affect its trade with other countries. They found that the value of money does impact trade, but this impact is not the same when the value goes up or down. The study also showed that the difference in income between trading partners has a bigger effect on trade than changes in the value of money.

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