Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS):
Subsidized capital flows have made a major contribution to the recovery of the Turkish economy from the acute balance of payments crisis of the late 1970s. The inflow of foreign capital on a substantial scale has facilitated rapid growth in imports of essential raw materials and investment goods whi...
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Format: | Elektronisch E-Book |
Sprache: | Englisch |
Veröffentlicht: |
Paris
OECD Publishing
1991
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Schriftenreihe: | OECD Development Centre Working Papers
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Schlagwörter: | |
Links: | https://doi.org/10.1787/428522687883 |
Zusammenfassung: | Subsidized capital flows have made a major contribution to the recovery of the Turkish economy from the acute balance of payments crisis of the late 1970s. The inflow of foreign capital on a substantial scale has facilitated rapid growth in imports of essential raw materials and investment goods which, in turn, has been instrumental in sustaining a comparatively high rate of economic growth. A balanced account, however, needs to take into consideration the negative side effects associated with subsidized credits. Subsidized capital inflows have resulted in overborrowing and consequently in overexpansion of the public sector, particularly during the post-1984 phase. A structural disequilibrium has developed, in the sense that the majority of medium- and long-term capital inflows has been directed to the public sector, and within the public sector, primarily to infrastructure projects. The private sector has been able to borrow mainly on a short-term basis, to satisfy working ... |
Umfang: | 1 Online-Ressource (93 Seiten) 21 x 29.7cm |
DOI: | 10.1787/428522687883 |
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illustrated | Not Illustrated |
indexdate | 2025-01-11T15:45:51Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033316900 |
oclc_num | 1312704031 |
open_access_boolean | 1 |
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physical | 1 Online-Ressource (93 Seiten) 21 x 29.7cm |
psigel | ZDB-13-SOC |
publishDate | 1991 |
publishDateSearch | 1991 |
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publisher | OECD Publishing |
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spellingShingle | Önis, Ziya Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) Development Turkey |
title | Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) |
title_auth | Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) |
title_exact_search | Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) |
title_full | Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) Ziya Önis and Süleyman Özmucur |
title_fullStr | Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) Ziya Önis and Süleyman Özmucur |
title_full_unstemmed | Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) Ziya Önis and Süleyman Özmucur |
title_short | Capital Flows and the External Financing of Turkey's Imports (Special Series on Mixed Credits, in Collaboration with ICEPS) |
title_sort | capital flows and the external financing of turkey s imports special series on mixed credits in collaboration with iceps |
topic | Development Turkey |
topic_facet | Development Turkey |
url | https://doi.org/10.1787/428522687883 |
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