The Equilibrium Real Exchange Rate: Evidence from Turkey
The aim of this paper is to scrutinize whether the equilibrium exchange rate framework could contribute to the understanding of misalignments in the real exchange rate in Turkey and whether this could be used as a guideline for policy interventions by the monetary authorities. Estimation results indicate the relevance of the equilibrium real exchange rate model for Turkey.
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- Erlat, Güzin & Arslaner, Ferhat, 1997. "Measuring the Real Exchange Rate: Annual Series for Turkey," MPRA Paper 45999, University Library of Munich, Germany.
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- Martine Guerguil & Martin David Kaufman, 1998. "Competitiveness and the Evolution of the Real Exchange Rate in Chile," IMF Working Papers 98/58, International Monetary Fund.
- Steven A. Symansky & Peter B. Clark & Leonardo Bartolini & Tamim Bayoumi, 1994. "Exchange Rates and Economic Fundamentals: A Framework for Analysis," IMF Occasional Papers 115, International Monetary Fund.
- Erlat, Güzin & Arslaner, Ferhat, 1997. "Measuring Annual Real Exchange Rate Series for Turkey," MPRA Paper 56396, University Library of Munich, Germany.
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