Perspectives on High Real Interest Rates in Turkey / / Prakash Kannan
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| Autore: |
Kannan Prakash
|
| Titolo: |
Perspectives on High Real Interest Rates in Turkey / / Prakash Kannan
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Edizione: | 1st ed. |
| 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 | |
| Capacity | |
| Capital and Ownership Structure | |
| Capital | |
| Deflation | |
| Exchange rate risk | |
| Finance | |
| Financial Risk and Risk Management | |
| Financial risk management | |
| Financial services law & regulation | |
| Financing Policy | |
| Goodwill | |
| Inflation | |
| Intangible Capital | |
| Interest rate parity | |
| Interest rates | |
| Interest Rates: Determination, Term Structure, and Effects | |
| Investment | |
| Investments: General | |
| Macroeconomics | |
| Price Level | |
| Prices | |
| Real interest rates | |
| Return on investment | |
| Saving and investment | |
| Value of Firms | |
| 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: | 9786612842023 |
| 9781462311392 | |
| 1462311393 | |
| 9781452716787 | |
| 1452716781 | |
| 9781451871098 | |
| 1451871090 | |
| 9781282842021 | |
| 1282842021 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910961116903321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2008/251