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Turkey: Staff Report for the 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
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
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Turkey: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Turkey
International Monetary Fund (IMF); International … - 2014
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
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Turkey; Selected Issues
International Monetary Fund (IMF); International … - 2012
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
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Turkey: Selected Issues Paper
International Monetary Fund (IMF); International … - 2014
This Selected Issues paper examines the external imbalance situation in Turkey. Turkey’s current account deficit is …
Persistent link: https://www.econbiz.de/10011245047
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Perspectiveson High Real Interest Rates in Turkey
Kannan, Prakash - International Monetary Fund (IMF) - 2008
-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
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Turkey; 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 …
Persistent link: https://www.econbiz.de/10011243576
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Turkey: Selected Issues Paper
International Monetary Fund (IMF); International … - 2013
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
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Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model
Melina, Giovanni; Yang, Shu-Chun S.; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open...
Persistent link: https://www.econbiz.de/10011123850
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On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure
Portillo, Rafael; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2015
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10011242189
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Financial Decisions and Investment Outcomes in Developing Countries: The Role of Institutions
Turk, Rima - International Monetary Fund (IMF) - 2015
This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...
Persistent link: https://www.econbiz.de/10011242231