Perspectives on High Real Interest Rates in Turkey

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451871098
Total Pages : 31 pages
Book Rating : 4.8/5 (71 download)

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Book Synopsis Perspectives on High Real Interest Rates in Turkey by : Prakash Kannan

Download or read book Perspectives on High Real Interest Rates in Turkey written by Prakash Kannan and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-10-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Perspective on High Real Interest Rates in Turkey

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (64 download)

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Book Synopsis Perspective on High Real Interest Rates in Turkey by : Prakash Kannan

Download or read book Perspective on High Real Interest Rates in Turkey written by Prakash Kannan and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Working Papers

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (842 download)

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Book Synopsis IMF Working Papers by : Prakash Kannan

Download or read book IMF Working Papers written by Prakash Kannan and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Perspectives on high world real interest rates

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Publisher :
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.:/5 (165 download)

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Book Synopsis Perspectives on high world real interest rates by : Olivier J. Blanchard

Download or read book Perspectives on high world real interest rates written by Olivier J. Blanchard and published by . This book was released on 1984 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Perspectives on High World Real Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Perspectives on High World Real Interest Rates by : Olivier J. Blanchard

Download or read book Perspectives on High World Real Interest Rates written by Olivier J. Blanchard and published by . This book was released on 2008 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real interest rates in the United States have reached extremely high levels in the last several years. This surge in real rates at all maturities has not lacked explanations. Large current and prospective deficits, tight money, better profit prospects, financial deregulation, and increased uncertainty are among the factors than have been blamed for high real rates. If one looks only at the performance of the U.S. bond market, it is difficult to discriminate among possible explanations for the behavior of real interest rates. This paper examines the worldwide behavior of interest rates and the performance of other asset markets besides the U.S. bond market in order to better explain high real rates.

Testing Real Interest Parity in Emerging Markets

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451865097
Total Pages : 0 pages
Book Rating : 4.8/5 (65 download)

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Book Synopsis Testing Real Interest Parity in Emerging Markets by : Mr.Abhisek Banerjee

Download or read book Testing Real Interest Parity in Emerging Markets written by Mr.Abhisek Banerjee and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

IMF Research Bulletin, December 2008

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Publisher : International Monetary Fund
ISBN 13 : 1451959540
Total Pages : 19 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Research Bulletin, December 2008 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, December 2008 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2008-12-11 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

New Perspectives on Turkey

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Publisher :
ISBN 13 :
Total Pages : 510 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis New Perspectives on Turkey by :

Download or read book New Perspectives on Turkey written by and published by . This book was released on 2008 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region

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Publisher : IGI Global
ISBN 13 : 1466695498
Total Pages : 640 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region by : Erdo?du, M. Mustafa

Download or read book Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region written by Erdo?du, M. Mustafa and published by IGI Global. This book was released on 2016-01-07 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: ###############################################################################################################################################################################################################################################################

Inflation and Disinflation in Turkey

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Publisher : Routledge
ISBN 13 : 1351739271
Total Pages : 242 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Inflation and Disinflation in Turkey by : Faruk Selcuk

Download or read book Inflation and Disinflation in Turkey written by Faruk Selcuk and published by Routledge. This book was released on 2018-04-27 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

TERM STRUCTURE OF INTEREST RATE AND ECONOMIC ACTIVITIES: OECD CASE

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Publisher : EĞİTİM YAYINEVİ
ISBN 13 : 6258223419
Total Pages : 99 pages
Book Rating : 4.2/5 (582 download)

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Book Synopsis TERM STRUCTURE OF INTEREST RATE AND ECONOMIC ACTIVITIES: OECD CASE by : Assist. Prof. Dr. Erkan KARA

Download or read book TERM STRUCTURE OF INTEREST RATE AND ECONOMIC ACTIVITIES: OECD CASE written by Assist. Prof. Dr. Erkan KARA and published by EĞİTİM YAYINEVİ. This book was released on 2022-11-11 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is dedicated to investigating the long-run relation between interest rate spreads and economic activities which include industrial production, inflation, and unemployment rate- in OECD countries over the period between2005 and 2015 by using panel data analysis. This study will use the latest panel data models that take structural breaks and cross-sectional dependency into account. Besides using panel data analysis on this issue, this paper will also try to see the effect of new monetary policies that are taking place by major central banks on yield spread and economic activities, especially industrial production. As it is known that, in the post-financial crisis of 2008 period, major central banks such as the Federal Reserve1 (The FED was the first central bank that started to implement new monetary policies just after the collapse of several large-scale investment banks in the U.S), European Central Bank, Bank of Japan and Bank of England, have taken action to stimulate the world economy. Henceforth, not only these major central banks, but also other economies started to lower their policy interest rates soon in conventional way. These policies pushed interest rates almost to zero and since then the rates have remained very low due to lower output level and disinflationary fears.

The Effect of the Gobal Crisis on Turkish Economy

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Publisher : Livre de Lyon
ISBN 13 : 2382362243
Total Pages : 84 pages
Book Rating : 4.3/5 (823 download)

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Book Synopsis The Effect of the Gobal Crisis on Turkish Economy by : İsmail Ercan Börü

Download or read book The Effect of the Gobal Crisis on Turkish Economy written by İsmail Ercan Börü and published by Livre de Lyon. This book was released on 2021-12-15 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Effect of the Gobal Crisis on Turkish Economy

OECD Economic Surveys: Turkey 2010

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Publisher : OECD Publishing
ISBN 13 : 9264083057
Total Pages : 147 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis OECD Economic Surveys: Turkey 2010 by : OECD

Download or read book OECD Economic Surveys: Turkey 2010 written by OECD and published by OECD Publishing. This book was released on 2010-09-15 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

New Perspectives on Asset Price Bubbles

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Publisher : Oxford University Press
ISBN 13 : 0199939403
Total Pages : 482 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis New Perspectives on Asset Price Bubbles by : Douglas D. Evanoff

Download or read book New Perspectives on Asset Price Bubbles written by Douglas D. Evanoff and published by Oxford University Press. This book was released on 2012-02-08 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that asset bubbles could be effectively managed with little or no real economic impact. The recent financial crisis has now triggered a debate about the emergence of a sequence of repeated bubbles in the Nasdaq market, housing market, credit market, and commodity markets. The realities of the crisis have intensified theoretical modeling, empirical methodologies, and debate on policy issues surrounding asset price bubbles and their potentially adverse economic impact if poorly managed. Taking a novel approach, the editors of this book present five classic papers that represent accepted thinking about asset bubbles prior to the financial crisis. They also include original papers challenging orthodox thinking and presenting new insights. A summary essay highlights the lessons learned and experiences gained since the crisis.

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Global Perspectives on the Internationalization of Higher Education

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Publisher : IGI Global
ISBN 13 : 1668459302
Total Pages : 453 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Global Perspectives on the Internationalization of Higher Education by : Branch, John D.

Download or read book Global Perspectives on the Internationalization of Higher Education written by Branch, John D. and published by IGI Global. This book was released on 2023-02-24 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transnational higher education was triggered largely by the marketization of higher education, which itself manifests in such characteristics as academic rankings, institutional branding, and an emphasis on managerialism. Recent advances in technology, and the global COVID-19 pandemic, have also driven a “virtual” internationalization of higher education, with universities expanding their digital footprints overseas, accelerating their distance education offerings, and exploring such innovations as virtual exchange programs. Global Perspectives on the Internationalization of Higher Education documents contemporary perspectives on the internationalization of higher education and considers its history throughout the years in order to understand potential future directions. Covering key topics such as student recruitment, institutional branding, and student mobility, this premier reference source is ideal for administrators, principals, researchers, academicians, practitioners, scholars, instructors, and students.

Global Waves of Debt

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Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.