Turkey has moved rapidly from a current account that was relatively in balance up to the turn of the millennia, to … established in Turkey, driven by an expansion of credit to households and rapid gross domestic product growth, coupled with … current account deficit. The current account balance in Turkey is also found to be less persistent than is typically found in …

threshold above which additional inflationary pressures adversely affect economic expansion. It uses cointegration methods that … African Monetary Union and 4.3-4.5 percent in the West African Monetary Union. Homogeneous cointegration panel data analyses …