Turkey Selected Issues Paper

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 e...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Turkey  |b Selected Issues Paper 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2013 
300 |a 56 pages 
651 4 |a Turkey 
653 |a Money and Monetary Policy 
653 |a Sovereign Debt 
653 |a Foreign Exchange 
653 |a Banking 
653 |a Public financial management (PFM) 
653 |a International Investment 
653 |a Finance: General 
653 |a Monetary economics 
653 |a Finance 
653 |a Finance, Public 
653 |a Debt Management 
653 |a Current account 
653 |a Public Finance 
653 |a Investments, Foreign 
653 |a Public finance & taxation 
653 |a Current account deficits 
653 |a Government asset and liability management 
653 |a Exports and Imports 
653 |a Expenditure 
653 |a Short-term Capital Movements 
653 |a Foreign exchange 
653 |a International economics 
653 |a Banks and Banking 
653 |a Long-term Capital Movements 
653 |a Debt 
653 |a National Government Expenditures and Related Policies: General 
653 |a Currency 
653 |a Balance of payments 
653 |a Current Account Adjustment 
653 |a Expenditures, Public 
710 2 |a International Monetary Fund  |b European Dept 
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490 0 |a IMF Staff Country Reports 
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520 |a 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