Özet:

In economic literature, the effects of exchange rates on domestic prices are called the effects of spread. According to this, the higher the spread rate of prices in the sectors that are subject to trade, the more changes in the exchange rate affect the relative prices of goods that are subject to trade and are not subject to trade. Therefore, the settings of currency currencies in the trade balance play a relatively encouraging role, and when the spread rate is low, the changes in the currency currency are far from ensuring the external balance of the economy. Turkey's economy in particular for the period between 2003:01-2017:12 the nominal interest rates and the logarithms of the nominal asset with TÜFE and the ARDL analysis and the asymmetric co-integration method of the subject were addressed. When the results were evaluated, it was seen that inflation was more sensitive not to interest rates, but only to changes in the nominal rate in the short term. In contrast, the interest rates are determined to be significantly affected by the rates as a reflection of the external trade risk, while the rates are also strongly affected by the interest rates. As a policy outcome, it can be said that the external dependence in the Turkish economy will decrease and therefore the external risk will lead to a high economy. If these mechanisms find life, it can be said to reduce the causality between the interest-cury relationships.