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This 2013 Article IV Consultation highlights that the Turkish economy achieved a welcome reduction of imbalances in 2012. In 2013, growth has accelerated significantly on the back of a monetary and fiscal policy stimulus. The economy is projected to expand by 3.8 percent this year, with private...
Persistent link: https://www.econbiz.de/10011244217
fundamentals. The main risk for Turkey remains a capital flows reversal, associated with monetary policy normalization in advance …
Persistent link: https://www.econbiz.de/10011244676
This Selected Issues paper on Turkey discusses the new monetary framework adopted by the Central Bank of Republic of … Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation …
Persistent link: https://www.econbiz.de/10011244904
This Selected Issues paper examines the external imbalance situation in Turkey. Turkey’s current account deficit is …
Persistent link: https://www.econbiz.de/10011245047
-have a significant impact on the level of real interest rates in Turkey. Importantly, fiscal policy variables are shown to … Turkey. …
Persistent link: https://www.econbiz.de/10005248241
This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 …
Persistent link: https://www.econbiz.de/10011243576
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 …
Persistent link: https://www.econbiz.de/10011244019
This technical note examines the macroprudential policy framework in the Czech Republic. The Czech National Bank (CNB) has been actively developing its macroprudential policy framework for some time, including most recently the establishment of a separate Financial Stability Department. The...
Persistent link: https://www.econbiz.de/10011244175
This paper analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral...
Persistent link: https://www.econbiz.de/10005263754
Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...
Persistent link: https://www.econbiz.de/10005264050