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"Over the past decade the United States has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During the second half of the 1990s, this deterioration was fueled by foreign investment in a booming U.S. stock market. During the first half...
Persistent link: https://www.econbiz.de/10010522528
nuisances. Turkey has succeeded in restoring macroeconomic stability and rapid growth, it has been recovering from crisis in … governance are instrumental in improving quality of life and promoting competitiveness in Turkey including, for example, food … policy have reduced chronic inflation to below 10 percent in 2005. Public debt has also been reduced and its sustainability …
Persistent link: https://www.econbiz.de/10012553032
"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
Persistent link: https://www.econbiz.de/10011394155
"China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital-labor ratio about one-fifth the world average and...
Persistent link: https://www.econbiz.de/10010522399
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earthquakes: Gujarat, India, in 2001; North-West Frontier, Pakistan, in 2005; and Izmit, Turkey, in 1999. There is evidence of a …
Persistent link: https://www.econbiz.de/10011394177
"There have been important developments in the decentralization of the government structure in Turkey since the early …
Persistent link: https://www.econbiz.de/10010521034
"This is an empirical paper seeking to identify the mode of Turkey's integration into global markets in general, and … following observations. First, thanks to steady expansion of trade in goods and services since the mid-1980s, Turkey has become … highly integrated into the world economy. Second, Turkey's export performance in 1996-2004 in EU markets bears strong …
Persistent link: https://www.econbiz.de/10010522153
"This paper analyzes the effects of monetary policy and fiscal adjustment on output and unemployment in Turkey. The …
Persistent link: https://www.econbiz.de/10010522256