Ugur ERGUN, Ali GOKSU

DEPENDENCY OF TURKISH EXCHANGE RATE UNDER ACCESSION CONDITIONS TO EUROPEAN UNION

Başlangıç: 2009
Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Relationships of Turkish exchange rate with the European Union countries, non-member European Union countries and two world financial leader countries’ exchange rates are investigated under accession period conditions by using univariate and multivariate cointegration and vector error correction model. Our result indicates that; a- Turkish currency has more significant relationship with emerging European countries, bdependency of Turkish currency with its counterparts grows over accession period especially after candidate status given, c- influence of accession period on dependency of Turkish currency is clear, d- degree of linkage relationships with emerging EU member countries fade away after they join to EU, e- co-movement of Turkish currency with two world leading countries are limited

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