Derya Hekim

REAL EXCHANGE RATE EFFECTS ON THE BILATERAL MANUFACTURING TRADE BALANCE BETWEEN THE US AND TÜRKİYE: A BOUNDS TESTING APPROACH WITH STRUCTURAL BREAKS

The exchange rate–trade balance relationship occupies a central place in open-economy macroeconomics, yet empirical evidence on whether currency depreciation generates a J-curve adjustment remains sensitive to the level of aggregation at which trade data are measured. Sector-level analysis is particularly informative i...