projected to expand by 3.8 percent this year, with private consumption and public investment as the main contributors. With this …

fundamentals. The main risk for Turkey remains a capital flows reversal, associated with monetary policy normalization in advance …

This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 …

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 …

reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

directly or indirectly through investment. In contrast to earlier studies, we conclude that there is some evidence of positive …-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the …

lower investment and exports compared with other small island states, but greater political stability, catch-up effects from …