Do capital flows improve macroeconomic performance in emerging markets? The Turkish experience

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buir.contributor.authorBerument, Hakan
dc.citation.epage32en_US
dc.citation.issueNumber4en_US
dc.citation.spage20en_US
dc.citation.volumeNumber40en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorDincer, N. N.en_US
dc.date.accessioned2018-04-12T13:43:59Z
dc.date.available2018-04-12T13:43:59Z
dc.date.issued2004en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis study examines the effects of capital inflows on the macroeconomic performance in an emerging, small open economy-Turkey. Using monthly data from 1992:01 to 2001:06 and a recursive vector autoregression model, we find that positive innovations in capital inflows appreciate the domestic currency, and increase output and money supply, but decrease interest rates and prices in the short run. We also find that the exchange rate regime does not influence the effects of capital flows on macroeconomic performance. Implications of the findings for policymakers are analyzed.en_US
dc.identifier.doi10.1080/1540496X.2004.11052579en_US
dc.identifier.eissn1558-0938
dc.identifier.issn1540-496X
dc.identifier.urihttp://hdl.handle.net/11693/38076
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.1080/1540496X.2004.11052579en_US
dc.source.titleEmerging Markets Finance and Tradeen_US
dc.subjectCapital flowsen_US
dc.subjectTurkeyen_US
dc.subjectVector autoregressionen_US
dc.titleDo capital flows improve macroeconomic performance in emerging markets? The Turkish experienceen_US
dc.typeArticleen_US

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