Competition between Euro and US Dollar in international markets and in Turkey

Köse, Hasan
The aim of this thesis is to examine the extent of euro’s challenge to the US dollar as an international currency, focusing on comparisons between these two major currencies’ international roles and their private and official uses as a store of value, a medium of exchange and a unit of account throughout the world, and specifically in Turkey. The thesis evaluates the roles of the euro and US dollar as financing and investment, invocing, vehicle, reserve, anchor and intervention currencies basically in financial markets, foreign trade, foreign exchange markets, foreign exchange reserves and exchange rate regimes globally and in Turkey. The evaluations highlight the fact that the euro has been successfull as an international currency since its introduction in 1999 and is the second most widely used international currency in all the main international currency roles, after the US dollar. The findings of the thesis indicate that the use of the euro shows an increasing trend and the euro is likely to play an increasingly prominent role in the world, and specifically in Turkey.


Financial market integration in the EU and probable effects on Turkish stock market
Buzlupınar, Elif; Ege, Aylin; Department of European Studies (2008)
The aim of this thesis is to analyze the probable effects of integration with European stock markets on stock market in Turkey as an acceding country. The required changes in Turkey’s legal framework and economic effects on Turkish stock market have been examined by reference to the current legal framework of the EU and the measures that can be defined as reform within the dynamic integration process of the EU. It is determined that adopting the legal framework of the EU will have numerous effects on all th...
Financial dollarization and currency substitution in Turkey
Başkurt, Özge; Özmen, Erdal; Department of Economics (2005)
This study aims to investigate currency substitution and financial dollarization in Turkey. The extend of dollarization in Turkey appears to be very high according to both the conventional currency substitution and the recently developed financial dollarization measures. This has serious policy implications as a source of financial fragility through currency/maturity mismatches and balance sheet effects. The empirical part of this study contained an investigation of the long run relationships between the va...
The impact of CEO and human capital characteristics on SME export performance
Mert, Ayşe; Acar, Feride Pınar; Department of Business Administration (2007)
The objective of this study is to investigate the determinants of the export behavior of small and medium-sized enterprises (SMEs) in Turkey. In SMEs, key decision makers play important roles; therefore, studying the impact of managerial characteristics is of paramount importance for understanding the determinants of SME export behavior. Particularly, possible relations between CEO age, tenure, level of education, international experience and foreign language skills and the export performance of SMEs will b...
Potential effects of EU membership on Turkish foreign direct investment inflows: implications of experiences of Ireland, Spain and Poland
Ersoy, Mahmut Burak; Ege, Aylin; Department of European Studies (2006)
This thesis aims to analyse the implications of European Union (EU) membership on Foreign Direct Investment (FDI) inflows to Turkey by applying a comparative methodology. The effects of EU accession on FDI inflows to three present member states, Ireland, Spain and Poland, is investigated in order to draw conclusions for Turkish case. The attractiveness of each country in terms of locational determinants of FDI are evaluated. Application of our findings in Ireland, Spain and Poland on Turkish case signifies ...
The export performance of the Turkish manufacturing industries with respect to selected countries
Tatarer, Özge; Erlat, Güzin; Department of Economics (2004)
The objective of this paper is to analyze the export performance of Turkish manufacturing industries in the East-Asian countries between the years 1992-2002. SITC (Rev.3), three digit data were used in calculations and three methodologies were applied in order to discover promising sectors of the Turkish exports. Constant Market Share Analysis was used to explain the causes of the change in the market shares of the exports of Turkey from one period to another. Revealed comparative advantage indices were cal...
Citation Formats
H. Köse, “Competition between Euro and US Dollar in international markets and in Turkey,” M.S. - Master of Science, Middle East Technical University, 2006.