Patterns of financial capital flows and accumulation in the post-1990 Turkish economy

Abstract

Decreasing investment opportunities in the industrialized countries and arbitrage seeking approach of the developed countries has caused to surge of capital inflows to the developing countries in 1990s. After capital account liberalization in 1989, Turkey has also exposed the capital flows and faced with the negative impacts due to the lack of capital controls and the early timing of capital account liberalization before providing economic, political and legal requirements.The thesis analyse the impacts of macroeconomic variables with capital inflows and the behaviour of investment with macroeconomic prices and capital inflows for Turkey using econometric techniques.