Turkey : Selected Issues Paper

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

December 20, 2013

Electronic Access:

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Summary:

This Selected Issues paper analyzes the capital flows in Turkey. The empirical analysis in this paper uses exchange market pressure index to identify the determinants of capital flows to Turkey. It is observed that exchange market pressures in Turkey seem to a degree, larger than in other emerging economies, and to be linked to risk factors, both global and country specific. In particular, there seems to be a stronger link to the interest rates in advanced economies, which given forthcoming tightening of the U.S. monetary policy, is likely to intensify pressures on lira.

Series:

Country Report No. 13/364

Subject:

English

Publication Date:

December 20, 2013

ISBN/ISSN:

9781475538854/1934-7685

Stock No:

1TUREA2013002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

56

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