Financial Liberalization and Crisis: An Analysis for Turkey

Tülin Tunç Deveci () and Eylül Ece Demir
Additional contact information
Tülin Tunç Deveci: Mersin University, Postal: Mersin Üniversitesi; İİBF; İktisat Bölümü; Mersin, Türkiye
Eylül Ece Demir: Mersin Üniversitesi, Postal: Mersin Üniversitesi; İİBF; İktisat Bölümü; Mersin, Türkiye

Bulletin of Economic Theory and Analysis, 2016, vol. 1, issue 1, 71-86

Abstract: The effect of the liberalisation of capital movements on financial crisis has been an important subject of debate again in studies carried out after global financial crisis. With in this scope, first the literature was searched about financial liberalisation and the crisis it caused in this study. After a regression analysis including the years of 1989–2014 was made in this study to find out how the economic growth was influenced by speculative net capital inflows except direct foreign investments for Turkey. According to the analysis results, it has been determined that capital inflows and economic growth has a directly proportional relationship. Inconclusion, when the capital flow in the country rose, the growth rate increased too; however, the economy was constricted when capital inflow (outflow) decreased (increased).

Keywords: financial liberalization; financial crisis; capital inflow (search for similar items in EconPapers)
JEL-codes: F43 G01 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/download/article-file/233788 Full text (application/pdf)
betajournals@gmail.com

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:betajl:0004

Access Statistics for this article

Bulletin of Economic Theory and Analysis is currently edited by Erginbay Ugurlu

More articles in Bulletin of Economic Theory and Analysis from BETA Journals
Bibliographic data for series maintained by Erginbay Ugurlu ().