Turkey: Selected Issues Paper

Publication Date: December 20, 2013
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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(s): Capital flows | Exchange market rates | Government expenditures | Budgets | Global competitiveness | Economic growth | Selected issues | Turkey

Publication Date: December 20, 2013
ISBN/ISSN: 9781475538854/1934-7685 Format: Paper
Stock No: 1TUREA2013002 Pages: 56
US$18.00 (Academic Rate:
US$18.00 )
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