Perspectives on high real interest rates in Turkey / / Prakash Kannan ; authorized for distribution by Graeme Justice
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| Autore: |
Kannan Prakash
|
| Titolo: |
Perspectives on high real interest rates in Turkey / / Prakash Kannan ; authorized for distribution by Graeme Justice
|
| Pubblicazione: | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
| ©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 | |
| Soggetto genere / forma: | Electronic books. |
| Altri autori: |
JusticeGraeme
|
| 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 |
| 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.: | 9910464258503321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers