No abstract

Bilateral trade elasticities, J-curve, Cointegration, Stability tests, European Union, F14, F31, F43,

This study is based on the evaluation of the long-run performance of the monetary model approach of exchange rate determination for the newly entered EU members and Turkey. First, we tested the cointegration relationship between exchange rates and monetary variables. Then, the forecast estimates of the monetary approach were used for comparing the performances with the random walk model.

This study includes the analysis of global trade in the services

No abstract