Short-term capital inflows and their impact on macroeconomic structure: Turkey in the 1990s


Yenturk N.

DEVELOPING ECONOMIES, cilt.37, sa.1, ss.89-114, 1999 (SSCI İndekslerine Giren Dergi) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 37 Konu: 1
  • Basım Tarihi: 1999
  • Doi Numarası: 10.1111/j.1746-1049.1999.tb00866.x
  • Dergi Adı: DEVELOPING ECONOMIES
  • Sayfa Sayıları: ss.89-114

Özet

This paper concentrates on the role of speculative capital inflows in aggravating both the external and public deficit in Turkey, as well as the role of government mismanagement in increasing the instability and in bringing about the financial crisis of 1994. The paper also examines the post-crisis period (1995-96) in order to answer the question of whether a new financial crisis will occur.