Turkiye’nin Reel Efektif Doviz Kuru Endekslerinin Guncellenmesi

Yahya Kocakale and Hakan Husnu Toprak

CBT Research Notes in Economics from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: [TR] Bu notta Turkiye Cumhuriyet Merkez Bankasi (TCMB) tarafindan aylik olarak yayimlanmakta olan reel efektif doviz kuru (REK) endekslerinde kullanilan agirliklarin guncellenmesine iliskin bilgi verilmektedir. Halen yayimlanmakta olan REK endekslerinde 2006-2008 donemi dis ticaret verileri esas alinarak hesaplanan ulke agirliklari kullanilmaktadir. Ancak soz konusu doneme kiyasla hem dis ticaret hacminin artis gostermesi hem de ticaret ortaklarimizin cesitlenmesi yeni bir calismayi gerekli kilmistir. Bu amacla, hali hazirda yayimlanan endekste 36 olan ulke sayisi yeni endekste 45’e cikarilmistir. Diger taraftan, BIS ve ECB tarafindan uygulanan yonteme paralel olarak, 2003 yilindan baslamak uzere ucer yillik donemler icin agirliklar yeniden hesaplanmis ve her bir donem zincir endeks yontemi ile birlestirilmistir. Ulke sayisindaki artis bolgesel endekslerin hesaplanmasina da imkan tanimistir. [EN] This paper summarizes the study on the updating of the weights used in the real effective exchange rate index (RER) which is published monthly by the Central Bank of the Republic of Turkey (CBRT). Currently, country weights are based on “2006-08†trade data. However, the increase of the foreign trade in volume as well as the diversification of our trading partners since then, required an update of the RER coverage. Accordingly, the number of countries in the index is increased from 36 to 45; and following BIS and ECB methodologies, weights for three-year averages starting from 2003 are calculated by chain-linking method. The extension of the country coverage enabled generating regional indices.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:econot:1506

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