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Autore: |
Kannan Prakash
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Titolo: |
Perspectives on High Real Interest Rates in Turkey / / Prakash Kannan
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Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica: | 1 online resource (33 p.) |
Disciplina: | 332.82 |
Soggetto topico: | Interest rates - Turkey - Econometric models |
Risk - Turkey - Econometric models | |
Fiscal policy - Turkey - Econometric models | |
Banks and Banking | |
Inflation | |
Investments: General | |
Interest Rates: Determination, Term Structure, and Effects | |
Investment | |
Capital | |
Intangible Capital | |
Capacity | |
Price Level | |
Deflation | |
Financing Policy | |
Financial Risk and Risk Management | |
Capital and Ownership Structure | |
Value of Firms | |
Goodwill | |
Finance | |
Macroeconomics | |
Financial services law & regulation | |
Real interest rates | |
Return on investment | |
Interest rate parity | |
Exchange rate risk | |
Interest rates | |
Saving and investment | |
Prices | |
Financial risk management | |
Soggetto geografico: | Turkey |
Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Sommario/riassunto: | The Turkish economy is typically characterized as having particularly high real interest rates. Fundamental considerations, such as high growth rates or high returns to capital, do not provide a satisfactory resolution of this puzzle. Instead, we find that two other factors- doubts about the sustainability of disinflation and the existence of a risk premium-have a significant impact on the level of real interest rates in Turkey. Importantly, fiscal policy variables are shown to affect both these factors, suggesting that a more credible and prudent fiscal policy can help reduce real interest rates in Turkey. |
Titolo autorizzato: | Perspectives on High Real Interest Rates in Turkey ![]() |
ISBN: | 1-4623-1139-3 |
1-4527-1678-1 | |
9786612842023 | |
1-4518-7109-0 | |
1-282-84202-1 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910788342703321 |
Lo trovi qui: | Univ. Federico II |
Opac: | Controlla la disponibilità qui |