Ozsahin, Serife; Uysal, Dogan - In: Anadolu University Journal of Social Sciences 12 (2012) 1, pp. 13-20
Since real effective exchange rate is the key relative price in international finance, it is required to model sudden changes in the short-run properly. Models which ignore the volatility of these changes would cause erroneous conclusions with regards to relationship among variables. Studies...