An alternative look at balance-of-payments puzzle : structural decomposition of accounts of 16 emerging markets

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buir.advisorYeldan, Erinç
dc.contributor.authorŞahbaz, Ahmet Ussal
dc.date.accessioned2016-07-01T11:04:41Z
dc.date.available2016-07-01T11:04:41Z
dc.date.issued2006
dc.departmentDepartment of Economicsen_US
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractThe empricial evidence on pro-growth effect of capital account liberalization is inconclusive. I argue that, after liberalization, the link between structural finance needs of developing countries and debt flows lost its importance. Instead, the flight of resident capital and unproductive reserve accumulation have created new financing needs, limiting the augmentation of saving pools of developing countries and hence growth. I build four new components from balance-of-payments account that make it possible to track the new financing patterns. I investigate relationship between these components for 15 emerging market countries. I also make a case study for Turkey using vector autoregression technique to establish a causality link between dynamics of the new structural aggregates.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityŞahbaz, Ahmet Ussalen_US
dc.format.extentxii, 124 leaves, graphicsen_US
dc.identifier.itemidBILKUTUPB096385
dc.identifier.urihttp://hdl.handle.net/11693/29765
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBalance of paymentsen_US
dc.subjectEmerging marketsen_US
dc.subjectFinancial crisisen_US
dc.subject.lccHG3882 .S24 2006en_US
dc.subject.lcshBalance of payments.en_US
dc.titleAn alternative look at balance-of-payments puzzle : structural decomposition of accounts of 16 emerging marketsen_US
dc.typeThesisen_US

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