Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Sustainability Of Current Account Deficit In Turkey
Download Sustainability Of Current Account Deficit In Turkey full books in PDF, epub, and Kindle. Read online Sustainability Of Current Account Deficit In Turkey ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Sustainability of Current Account Deficit in Turkey by : Özcan Karahan
Download or read book Sustainability of Current Account Deficit in Turkey written by Özcan Karahan and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: This study aims to examine the sustainability of the current account deficit in Turkey for the quarterly data between 2003 and 2018. Besides, some policy implications are made to ensure the sustainability of the current account deficit in Turkey's economy. Design/methodology/approach: The dynamics related to the sustainability of the current account deficit is analysed within the framework of the "intertemporal budget constraint approach" developed by Husted (1992). The long-term dynamics are empirically investigated using the Johansen cointegration test. Econometric analysis is also expanded within the framework of the Vector Error Model to reveal the short-term dynamics. Findings: The results of Johansen cointegration analysis suggest that current account income and expenses are integrated with the cointegrating coefficient less than 1, implying that Turkey has a weak form of current account deficit sustainability. Findings of the Vector Error Correction model confirm the results of long-run analysis and indicates that the deviations from the long-term equilibrium are corrected at a rate of 78% every quarter term. Research limitations/implications: The "intertemporal budget constraint approach" developed by Husted (1992) focuses on the equilibrium between current account income and expenses to analyse the sustainability of the foreign balance. However, the sustainability of the foreign deficit is also closely related to what kind of capital inflows is used to finance the foreign deficit. Therefore, the implications made regarding the sustainability of the current account deficit in Turkey based on the Husted model should be accepted with some reservations. Originality/value: Since external imbalances are a key challenge for most of the developing countries to provide full integration into the world economy, many empirical studies are examining the current account sustainability. The majority of these studies focus on the long-run dynamics of the current account imbalances. Unlike most of the previous studies, this paper also focuses on the short-run dynamics of the current account balance. Thus, the difference of this study from other studies stems from the examination of the dynamics of current account sustainability not only in the long term but also in the short term.
Author :Harvard University, Cambridge, MA, USA John F. Kennedy School of Government Publisher :Springer ISBN 13 :1349112747 Total Pages :289 pages Book Rating :4.3/5 (491 download)
Book Synopsis The Political Economy of Turkey by : Harvard University, Cambridge, MA, USA John F. Kennedy School of Government
Download or read book The Political Economy of Turkey written by Harvard University, Cambridge, MA, USA John F. Kennedy School of Government and published by Springer. This book was released on 1990-06-18 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkey stands at a crossroad after a decade of adjustment to its severe debt crisis in the late 1970s. This volume brings together a group of contributors who discuss the consequences of this transition and the likely pains for the future.
Book Synopsis Analyzing the Present Sustainability of Turkey's Current Account Position by :
Download or read book Analyzing the Present Sustainability of Turkey's Current Account Position written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we assess the present sustainability of Turkey's current account position using the framework provided by Milesi-Ferretti and Razin (1996) based on the ability-to-pay and willingness-to-lend model. This framework allows us to assess the structural features and macroeconomic policy indicators. We extend this framework by considering global sustainability indicators as well. Using data for three periods, 1991-1993, 1998-2000 and 2004-2006 we evaluate the present sustainability in light of the prior two crises (1994, 2001). Based on our analysis of these factors in the extended framework, we conclude that Turkey's internal structure and macroeconomic conditions (such as exports and the fiscal position) have improved that are allowing Turkey to continue having large and increasing current account deficits. However, there is vulnerability from global factors namely the impending U.S. recession and a potential global slowdown. This might require some adjustments in policy to continue accumulating large deficits. -- Current account sustainability ; predictors of crisis ; Turkey
Book Synopsis The Turkish Current Account, Real Exchange Rate and Sustainability by : Sübidey Togan
Download or read book The Turkish Current Account, Real Exchange Rate and Sustainability written by Sübidey Togan and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Embarked on an accession path to the European Union (EU), Turkey needs higher investment ratios to sustain high growth rates for a prolonged period so as to sustain convergence with the EU. In a fast medium-term growth scenario, pressures on the current account are likely to emerge as investment will need to increase while fast income growth will also boost consumption and imports. However, in the case of Turkey, large current account (CA) deficits are also likely to be combined with an appreciating real exchange rate, as in the past few years, in response to robust capital inflows as Turkey gets closer to EU accession.
Book Synopsis Current Account Sustainability and Capital Flows by : Anil Bolukoglu
Download or read book Current Account Sustainability and Capital Flows written by Anil Bolukoglu and published by . This book was released on 2012 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Current Account Benchmarks for Turkey by : Oliver Röhn
Download or read book Current Account Benchmarks for Turkey written by Oliver Röhn and published by . This book was released on 2012 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Gian Maria Milesi-Ferretti Publisher :International Finance Section Princeton University Internati ISBN 13 : Total Pages :90 pages Book Rating :4.3/5 (129 download)
Book Synopsis Current-account Sustainability by : Gian Maria Milesi-Ferretti
Download or read book Current-account Sustainability written by Gian Maria Milesi-Ferretti and published by International Finance Section Princeton University Internati. This book was released on 1996 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents a notion of current-account sustainability that explicitly considers, in addition to intertemporal solvency, a willingness to pay and to lend. It argues that this notion of sustainability provides a useful framework for understanding the variety of country experiences with protracted current-account imbalances. Based on this notion, the authors identify a number of potential sustainability indicators related to the structure of the economy and the economic policy stance. They use these indicators in the evaluation of the experience of a number of countries that have run persistent current-account imbalances and ask whether they help to discriminate between countries that underwent an external crisis and those that did not.
Author :Ferhat ÇITAK Publisher :Hiperlink Eğitim İletişim Yayın Gıda Sanayi ve Pazarlama Tic. Ltd. Şti. ISBN 13 :6258461662 Total Pages :159 pages Book Rating :4.2/5 (584 download)
Book Synopsis Current Studies in International Trade InTraders 2021 by : Ferhat ÇITAK
Download or read book Current Studies in International Trade InTraders 2021 written by Ferhat ÇITAK and published by Hiperlink Eğitim İletişim Yayın Gıda Sanayi ve Pazarlama Tic. Ltd. Şti.. This book was released on 2021-12-29 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy sources have always been an essential part of world economies. Availability of energy resources has a vital role for a country’s economic growth and financial development. Contrary to fossil fuels, many countries have the potential to power their economies by renewable energy sources. This study aims to investigate the effects of different energy resources on the financial development of countries. In particular, the paper analyzes the impact of renewable, non-renewable, and nuclear energy resources on the financial development of 28 countries with nuclear energy reactors for 2001-2019. Empirical results show that natural gas and renewable energy resources have a positive and significant impact on financial development of a country.
Book Synopsis Business Infrastructure for Sustainability in Developing Economies by : Ray, Nilanjan
Download or read book Business Infrastructure for Sustainability in Developing Economies written by Ray, Nilanjan and published by IGI Global. This book was released on 2016-12-28 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth is one of the primary goals for all countries. There are many factors that contribute to a healthy and stable economy, and studying these emerging methods and techniques can aid in creating sustainable economic growth. Business Infrastructure for Sustainability in Developing Economies is a comprehensive reference source filled with informative discussions on the socio-economic expansion of developing nations. Featuring dynamic topics such as supply chain management, foreign trade deficits, service quality, and sustainable energy solutions, this book is an ideal resource for business managers, practitioners, professionals, and researchers who are interested in discovering the most recent trends and solutions in sustainable economic growth.
Book Synopsis Preventing Currency Crises in Emerging Markets by : Sebastian Edwards
Download or read book Preventing Currency Crises in Emerging Markets written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2002-11-15 with total page 782 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations, and public and private sector economists explore the causes of and effective policy responses to international currency crises. Topics covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption, and large players (including hedge funds). Ably balancing detailed case studies, cross-country comparisons, and theoretical concerns, this book will make a major contribution to ongoing efforts to understand and prevent international currency crises.
Book Synopsis Macroeconomics for Professionals by : Leslie Lipschitz
Download or read book Macroeconomics for Professionals written by Leslie Lipschitz and published by Cambridge University Press. This book was released on 2019-01-23 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781557758750 Total Pages :476 pages Book Rating :4.7/5 (587 download)
Book Synopsis Financial Programming and Policy the Case of Turkey (Reprint) by : International Monetary Fund
Download or read book Financial Programming and Policy the Case of Turkey (Reprint) written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-11-30 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: The art of financial programming is a central element in the design of IMF-supported macroeconomic adjustment programs. This volume, edited by Richard Barth and William Hemphill, includes contributions from staff members of the IMF institute and introduces the reader to the concepts and tools of analysis needed to formulate a financial program. The book presents a series of workshops that explain the accounting identities, behavioral relationships, and forecasting techniques that underlie the constuction of a financial program. The workshops use the case of Turkey to illustrate the techniques, and the complete data set for Turkey is included on a diskette (supplied in a back-cover pocket).
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.
Book Synopsis Issues on Sustainability, Economics & History First Edition, November 2023 IJOPEC Publication No: 2023/04 ISBN: 978- by : Şevket Alper Koç
Download or read book Issues on Sustainability, Economics & History First Edition, November 2023 IJOPEC Publication No: 2023/04 ISBN: 978- written by Şevket Alper Koç and published by IJOPEC PUBLICATION. This book was released on 2023-11-19 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues on sustainability, economics and history focus a range of topics within the social sciences. The chapters in this book are the result of careful academic work, aiming to clarify and examine common issues that affect humanity today, both on a global scale and within individual nations. With its global implications, this book will be valuable for students and scholars from all disciplines who are concerned with any dimension of sustainability, economics and history. This volume provides readers with a comprehensive point of view on these issues. Also, this book provides relevant papers and research findings in quoted social sciences. It is intended for professionals who want to improve their understanding as such as sustainability.
Book Synopsis Financial reforms, stabilization and development in 21st-century Turkey by : Haluk Haksal
Download or read book Financial reforms, stabilization and development in 21st-century Turkey written by Haluk Haksal and published by Vernon Press. This book was released on 2019-03-28 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central argument of this book is that while central bank independence can contribute to stabilization, inflation-targeting monetary policy is quite powerless in promoting economic development. The basic message is simple: Policy makers should not strive to achieve price stability at any cost, as stability in product markets does not necessarily translate into economic development. The recent experience of Turkey is illuminating and other developing countries, in particular those using inflation targeting monetary policy framework, can draw useful lessons from this experience. Early chapters summarize the deregulation process from 1980 to 2001. The Turkish Central Bank is placed at the center of the analysis as monetary policies have a significant impact both on stability and development. Although the 1994 and 2001 financial crises have been extensively studied elsewhere, they are nevertheless summarized to underscore the importance of central bank independence. Later chapters investigate the impact of an independent central bank on stabilization and development from 2001 onwards. Upon visiting the Turkish Central Bank's website, readers are greeted with the following statement: "The primary objective of the Bank is to achieve and maintain price stability." By the end of this book the reader should be able to assess the relative merits of a monetary policy that focuses on price stability, versus an alternative where price stability is accompanied by other objectives targeting development, for instance, monitoring also unemployment rates, which would undermine its independence to some degree. The study aims to provide a perspective on the need for such an alternative in line also with the vision of some international agencies on development, such as the UNCTAD and the ILO. This is the first book-length study examining the financial reforms Turkey undertook in its path towards EU accession. This unique work will be of interest to economists and other experts in financial history, (de)regulation, institutional economics and economic development, as well as a broad range of scholars interested in the dramatic transformation of Turkey's economy and society in the 21st century.
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.
Book Synopsis From Continuity to Sustainability by : İzel levi Coşkun
Download or read book From Continuity to Sustainability written by İzel levi Coşkun and published by İzel Levi Coşkun. This book was released on 2022-08-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Visit our web site: http://fromcontinuitytosustainability.com/ "This book is intended as a guide to how sustainability can find its place in our lives and in the business community. It includes genuinely valuable tips for what we can and should do for all who care about the planet and future generations." Prof. Dr. Güler Aras “Coskun is among a new generation of entrepreneurs who have witnessed the phenomenal growth of the Turkish economy in the last 20 years accompanied, however, by environmental destruction and a widening gap between rich and poor. Taking the Covid 19 pandemic as a warning signal for the future of our planet, he argues that we have to face the responsibility of creating a habitable natural and social environment for our generation and the generations to come." Binnaz Toprak, Professor of Political Science, Boğaziçi University “Izel is a tireless fighter for a better future who feels injustice right in his bones. He successfully merges his business aspirations with his long-term goals of sustainability and social responsibility. Faruk Eczacıbaşı, Eczacıbaşı Holding "Now, in his compelling book İzel Levi Coşkun not only keeps track of the impending huge catastrophe, he also takes a responsible attitude to defending basic universal ethical values and promotes the fight against today’s global “crisis of injustice." Ömer Madra
