The Turkish economy is typically characterized as having particularly high real interest rates. Fundamental considerations, such as high growth rates or high returns to capital, do not provide a satisfactory resolution of this puzzle. Instead, we find that two other factors- doubts about the...

KEY ISSUES Context: Turkey’s economy has grown on average by 6 percent annually since 2010, but this has come at the expense of a persistently large external deficit making the economy sensitive to changes in external financing conditions. Inflation is high and above the authorities’ target,...

This Selected Issues paper examines the external imbalance situation in Turkey. Turkey’s current account deficit is expected to remain elevated at about 5.5 to 6 percent of GDP through 2019. Reducing the deficit to a more sustainable level about 2.5 to 3 percent of GDP should be a key policy...

1. Bitcoin during COVID-19: Could internet searches explain its performance -- 2. Dollar-cost average plan in EU countries -- 3. Econometric advances and accurate VaR estimations -- 4. Assessing the progress of oil companies in achieving SDG 13 climate action -- 5. Foreign direct investments in...

As part of the series „regulatory law and economies“ („Regulierungsrecht und Regulierungsökonomie“) edited by Piepenbrock & Schuster, this volume deals with the telecommunications markets in Central Eastern Europe (CEE) and South Eastern Europe (SEE), with an emphasis on the market...