Capital Account Convertibility: The Turkish Case - Couverture souple

Aydo?an, Ebru Tomris

 
9783843367431: Capital Account Convertibility: The Turkish Case
Couverture souple
ISBN 10 : 3843367434 ISBN 13 : 9783843367431
Editeur : LAP LAMBERT Academic Publishing, 2010

Synopsis

The Capital Account Convertibility (KAC) is a significant outcome of the globalization process. The restoration of stability and growth in order to increase the efficiency and saving in the economy were the major aims of the financial liberalization . The analysis of the financial liberalization on the Turkish economy shows that, the economy has been exposed to significant amount of hot-money flows during 1990s. The statistical data used in this study verifies the increase in short-term capital in and outflows, after the convertibility of the Capital Account. The results indicate that, the vulnerability of the Turkish economy increased due to the sudden and volatile flows of capital. The correlation between the increasing speculative capital flows, portfolio investment, financial crises, unexpectedly low levels of FDI, and instability supports the argument of premature liberalization in Turkey. Finally, successful implementation of the economic policies is suggested, together with controls on hot money flows, in order to achieve macroeconomic stability, and increase the amount of FDI, and the real rate of growth in the economy.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The Capital Account Convertibility (KAC) is a significant outcome of the globalization process. The restoration of stability and growth in order to increase the efficiency and saving in the economy were the major aims of the financial liberalization . The analysis of the financial liberalization on the Turkish economy shows that, the economy has been exposed to significant amount of hot-money flows during 1990s. The statistical data used in this study verifies the increase in short-term capital in and outflows, after the convertibility of the Capital Account. The results indicate that, the vulnerability of the Turkish economy increased due to the sudden and volatile flows of capital. The correlation between the increasing speculative capital flows, portfolio investment, financial crises, unexpectedly low levels of FDI, and instability supports the argument of premature liberalization in Turkey. Finally, successful implementation of the economic policies is suggested, together with controls on hot money flows, in order to achieve macroeconomic stability, and increase the amount of FDI, and the real rate of growth in the economy.

Biographie de l'auteur

MA in International Economics and Finance, Yeditepe University, Istanbul, PhD in Economics Yeditepe University, Istanbul, Assistant Professor of Economics Department, Yeditepe University, Istanbul, Turkey.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2010
Langue
anglais
ISBN 10 
3843367434
ISBN 13 
9783843367431
Reliure
Broché
Nombre de pages
140
Coordonnées du fabricant
non disponible
Personne responsable
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