Now showing items 1-9 of 9

    • Capital maintenance as a key development tool 

      Boucekkine, R.; Martinez, B.; Saglam, C. (Wiley-Blackwell Publishing Ltd., 2010)
      We construct optimal growth models where labor resources can be allocated either to production, technology adoption or capital maintenance. We first characterize the balanced growth paths of a benchmark model without ...
    • Effectiveness of the reserve option mechanism as a macroeconomic prudential tool: evidence from Turkey 

      Sahin, A.; Dogan, B.; Berument, M. H. (Routledge, 2015)
      This article assesses the effectiveness of a novel macroprudential tool – the reserve option mechanism (ROM) – which Turkey’s central bank developed during the post-2008 period and has employed to control the risk associated ...
    • The effects of capital inflows on Turkish macroeconomic performance 

      Berument, M. H.; Denaux, Z. S.; Emirmahmutoglu, F. (Springer/Kluwer Academic Publishers, 2015)
      Capital inflows are important factor affecting macroeconomic performance, such as the real exchange rate, interest rates, output, and price level. However, the components of capital inflows are also important. Capital ...
    • The effects of transition and political instability on foreign direct investment inflows: Central Europe and the Balkans 

      Brada, J. C.; Kutan, A. M.; Yigit, T. M. (Wiley-Blackwell Publishing Ltd., 2006)
      This paper examines the effects of transition and of political instability on foreign direct investment (FDI) flows to the transition economies of Central Europe, the Baltics and the Balkans. We find that FDI flows to ...
    • FDI, productivity and financial development 

      Alfaro, L.; Ozcan, S. K.; Sayek, S. (Wiley-Blackwell Publishing Ltd., 2009)
      This paper examines the effect of foreign direct investment (FDI) on growth by focusing on the complementarities between FDI inflows and financial markets. In our earlier work, we found that FDI is beneficial for growth ...
    • Foreign equity trading and average stock-return volatility 

      Umutlu, M.; Akdeniz, L.; Altay-Salih, A. (Wiley-Blackwell Publishing, 2013)
      We examine whether there is a relationship between foreign equity trading and average total volatility, measured as the value-weighted average of stock-return variance in the Istanbul Stock Exchange. We employ foreign ...
    • Introduction 

      Gürkaynak, Refet S. (Palgrave Macmillan, London, 2015)
      Currency flows have always been a leading policy concern, especially in emerging markets. The long Japanese slump, the ensuing very low interest rates in Japan that have lasted 20 years, and the carry trades this fostered ...
    • Macroeconomics of twin-targeting in Turkey: analytics of a financial computable general equilibrium model 

      Telli, C.; Voyvoda, E.; Yeldan, E. (Routledge, 2008)
      The paper provides an overview of the post-1998 Turkish economy and constructs a macroeconomic computable general equilibrium (CGE) model to illustrate the real and financial sectoral adjustments of the Turkish economy ...
    • Patterns of financial capital flows and accumulation in the post-1990 Turkish economy 

      Biçer, F. G.; Yeldan, E. (Routledge, 2003)
      The purpose of this paper is twofold: using time series econometrics, we first investigate the determinants of short-term foreign capital inflows for Turkey following its capital account liberalization in 1989. We next ...