Perspectives on High Real Interest Rates in Turkey

Perspectives on High Real Interest Rates in Turkey
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 READ MORE...

Publication date: October 2008
ISBN 9781451871098
$18.00

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