Turkey: Selected Issues Paper

December 20, 2013

Preview Citation

Format: Chicago

Turkey: Selected Issues Paper, (USA: International Monetary Fund, 2013) accessed December 23, 2024

Summary

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 country specific. In particular, there seems to be a stronger link to the interest rates in advanced economies, which given forthcoming tightening of the U.S. monetary policy, is likely to intensify pressures on lira.

Subject: Balance of payments, Current account, Current account deficits, Expenditure, Foreign exchange, Government asset and liability management, Public financial management (PFM)

Keywords: Africa, Bank, Break-even ROC, CR, Current account, Current account deficits, EMP Index, FDI, FX, FX intervention, FX reserve, FX sale auction, Global, Government asset and liability management, IMF staff calculation, ISCR, ROM facility, Turkey

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/364
Stock No:

1TUREA2013002
ISBN:

9781475538854
ISSN:

1934-7685

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