Perspectives On High Real Interest Rates In Turkey


Perspectives On High Real Interest Rates In Turkey
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Perspectives On High Real Interest Rates In Turkey


Perspectives On High Real Interest Rates In Turkey
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Author : Prakash Kannan
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2008-10-01

Perspectives On High Real Interest Rates In Turkey written by Prakash Kannan and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-10-01 with categories.


The Turkish economy is typically characterized as having particularly high real interest rates. Fundamental considerations, such as high growth rates or high returns to capital, do not provide a satisfactory resolution of this puzzle. Instead, we find that two other factors- doubts about the sustainability of disinflation and the existence of a risk premium-have a significant impact on the level of real interest rates in Turkey. Importantly, fiscal policy variables are shown to affect both these factors, suggesting that a more credible and prudent fiscal policy can help reduce real interest rates in Turkey.



Testing Real Interest Parity In Emerging Markets


Testing Real Interest Parity In Emerging Markets
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Author : Mr.Abhisek Banerjee
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2006-11-01

Testing Real Interest Parity In Emerging Markets written by Mr.Abhisek Banerjee and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-01 with Business & Economics categories.


The paper finds significant deviations between short-term emerging market real interest rates and world real interest rates primarily due to the inflationary expectations of the local investor base. We test for long-run real interest convergence in emerging markets using a time varying panel unit root test proposed by Pesaran to capture the improved macro-economic fundamentals since early 1990s. We also estimate the speed of convergence in the presence of a shock. The paper suggests that real interest rates in the emerging markets show some convergence in the long run but real interest parity does not hold. Our results also find that the speed of adjustment of real rates to a shock is estimated to differ significantly across the emerging markets. Measured by their half-life, some emerging markets in Asia, E.Europe and S.Africa, where real interest rates are generally low, take much longer to adjust than where real interest rates are generally high (Latin America, Turkey). From a policy perspective, encouraging foreign investors to take direct exposure at the short end of the local debt market could lower the real interest rates in some emerging markets.



Inflation And Disinflation In Turkey


Inflation And Disinflation In Turkey
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Author : Faruk Selcuk
language : en
Publisher: Routledge
Release Date : 2018-04-27

Inflation And Disinflation In Turkey written by Faruk Selcuk and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-27 with Social Science categories.


This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles.



Managing Elevated Risk


Managing Elevated Risk
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Author : Iwan J. Azis
language : en
Publisher: Springer
Release Date : 2014-12-11

Managing Elevated Risk written by Iwan J. Azis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-11 with Business & Economics categories.


This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.



Oecd Economic Surveys Turkey 2010


Oecd Economic Surveys Turkey 2010
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2010-09-15

Oecd Economic Surveys Turkey 2010 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-15 with categories.


This 2010 edition of OECD's periodical review of Turkey's economy examines sustaining the post-crisis recovery and mitigating future macroeconomic volatility, fostering sound integration with the global capital market, and regulatory reforms to unlock long-term growth.



Handbook Of Research On Comparative Economic Development Perspectives On Europe And The Mena Region


Handbook Of Research On Comparative Economic Development Perspectives On Europe And The Mena Region
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Author : Erdo?du, M. Mustafa
language : en
Publisher: IGI Global
Release Date : 2016-01-07

Handbook Of Research On Comparative Economic Development Perspectives On Europe And The Mena Region written by Erdo?du, M. Mustafa and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-07 with Business & Economics categories.


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The Effect Of The Gobal Crisis On Turkish Economy


The Effect Of The Gobal Crisis On Turkish Economy
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Author : İsmail Ercan Börü
language : en
Publisher: Livre de Lyon
Release Date : 2021-12-15

The Effect Of The Gobal Crisis On Turkish Economy written by İsmail Ercan Börü and has been published by Livre de Lyon this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-15 with Business & Economics categories.


The Effect of the Gobal Crisis on Turkish Economy



Inflation Targeting And Financial Stability


Inflation Targeting And Financial Stability
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Author : Pierre-Richard Agénor
language : en
Publisher:
Release Date : 2013

Inflation Targeting And Financial Stability written by Pierre-Richard Agénor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Inflation targeting categories.




The Great Demographic Reversal


The Great Demographic Reversal
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Author : Charles Goodhart
language : en
Publisher: Springer Nature
Release Date : 2020-08-08

The Great Demographic Reversal written by Charles Goodhart and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-08 with Business & Economics categories.


This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality. “Whatever the future holds”, the authors argue, “it will be nothing like the past”. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world’s available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world’s trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the world’s economy may be going.



Imf Research Bulletin December 2008


Imf Research Bulletin December 2008
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2008-12-11

Imf Research Bulletin December 2008 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-11 with Business & Economics categories.


December 2008: IMF research summaries on global herding in financial markets (by Marco Cipriani) and on fiscal decentralization (by Lusine Lusinyan); article on the experiences of IMF staff at the Nobel Laureate Meetings in Lindau, Germany (by Chris Crowe); listing of visiting scholars at the IMF during August–December 2008; listing of contents of Vol. 55 No. 4 of IMF Staff Papers; listing of recent IMF Working Papers; listing of recent external publications by IMF staff; and a Call for Papers for an upcoming conference on structural reforms.