Uluslararası Sermaye Hareketlerini Etkileyen Faktörler: Türkiye Örneği

Sevcan Güneş

Sosyoekonomi Journal, 2007, issue 2007-1

Abstract: With the liberalization of financial instruments since 1980, the movements of short term capitals have increased. Short-term capital flows are volatile and sensitive to macroeconomic developments, interest rates and real exchange rates. Provided that credibility and political stability, the country will receive more stable and sustainable (long-term) capital flows. In this study, the relationship between the short-term capital flows and the real exchange rate, real interest rate and credibility is first being held on a global basis, and then analyzed econometrically by using Turkey as an example.

Keywords: Financial Liberalization; Short Term Capital Flows; Real Exchange Rate and Real Interest Rate Arbitrages. (search for similar items in EconPapers)
JEL-codes: F32 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:070101

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