How Does the Shadow Dollar Affect International Trade and Global Economies? Discussion from the Perspective of Turkey and other Countries

This paper provides an in-depth analysis of the effects of the “Shadow Dollar” on exchange rates and global trade. In particular, the paper compares the effects of the shadow dollar on Turkey and other economies. Structural challenges such as Turkey's external debt burden and trade deficit can exacerbate the economic effects of the shadow dollar. Moreover, in large economies such as China, a stronger dollar can often be beneficial for exporting sectors. While China may favor the dollar, the European Union and other advanced economies may be more resilient to exchange rate changes. The paper discusses the effects of these global dynamics on trade imbalances, foreign exchange markets and economic relations, and shows that each country responds differently depending on its economic structure. For countries like Turkey, exchange rate hikes create economic pressures, while large economies suffer less from such externalities. Finally, the study emphasizes that the effects of the shadow dollar on world trade and economic structure are an important factor shaping the future of global trade, as they differ according to countries' monetary policies and trade strategies