Özet:

The currency currency is essentially the expression of a country’s currency from another country’s currency and is an important factor in determining the actual value of a country’s currency. Furthermore, exchange rates are an indicator of the competitiveness of countries. However, the exchange rate is closely related to exports, imports, inflation, interest rates, investments and some macroeconomic variables like this. In the short term, changes in exchange rates have an impact on this macroeconomic factor as well as on economic growth. The loss of value of the national currency due to the high retention of the institution can have a positive impact on economic growth in the short term, while in the long term it can have a negative impact on economic growth. For a balanced economic growth, governments need to correctly define their currency policy. The relationship between real exchange rates and economic growth will give different results in terms of developed and developing countries. In general, whereas there is no effective relationship between economic growth and real currencies in developed countries, this effect appears to be evident and negative in developing countries. However, the existence of the relations between the real effective exchange rate and economic growth remains up to date as a topic discussed. The aim of this study is to investigate whether there are real effective currency rates and short-term relationships between economic growth for countries with different income levels by panel causality test. The short-term causal relationships between the real effective currency rate and economic growth have been studied by panel data causal analysis. The results from the study varied from country to country, but it has been shown that the real effective currency from economic growth is a positive causal relationship, and the real effective currency from economic growth to economic growth is a negative causal relationship.

Anahtar Kelimeler: