Munich Personal RePEc Archive

Interest Rates, Exchange Rates and Macroeconomic Performance

Erdoğan, Seyfettin and Karacan, Rıdvan and Alpaslan, Barış (2013): Interest Rates, Exchange Rates and Macroeconomic Performance.

[img]
Preview
PDF
MPRA_paper_50838.pdf

Download (262kB) | Preview

Abstract

In recent years, there has been a renewed interest in the fact that a change in exchange rates has an impact on main economic indicators and therefore on macroeconomic performance. The aim of this paper is to study the implications of the relationship between exchange rates and changes in short-term interest rates on macroeconomic performance in the Turkish economy. The results of this study show that monetary policy shocks may affect financial sector and real sector through exchange rates.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.