Effects of international capital inflows on the Mirkish economy
Küçük Resim Yok
Tarih
2005
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The main objective of this study is to investigate the effects of international capital inflows on the Turkish economy. Capital inflows, it is argued, can trigger both private consumption and investment expenditures. Increased consumption demand results in an increase in the relative prices of nontradable sectors with respect to tradable sectors. This eventually leads to a change in the composition of investments in favor of nontradable at the expense of tradable sectors. Increased investment in nontradable sectors does not contribute to the foreign exchange earning capacity of a country, and, given such, a country eventually becomes more vulnerable to currency shock. This can trigger major problems, such as significant capital outflows, large current account deficits, currency crisis, and economic contraction.
Açıklama
6th ERC/METU International Conference on Economics -- SEP 11-14, 2002 -- Ankara, TURKEY
Anahtar Kelimeler
Capital İnflows, Currency Crisis, Tradable And Nontradable Sectors
Kaynak
Emerging Markets Finance and Trade
WoS Q Değeri
Q4
Scopus Q Değeri
Q1
Cilt
41
Sayı
1
