2013•Academic Journal of Interdisciplinary StudiesOpen access
Capital Flows and Policy Reforms in Turkey After the Crises
Nuray Terzi
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Abstract
Capital flows are a key aspect of the global monetary system and have increased significantly in recent years. Capital flows can have substantial benefits for countries, including by enhancing efficiency, promoting financial sector competitiveness, and facilitating greater productive investment and consumption smoothing. Capital flows can also carry some risks; their size and volatility can also cause policy challenges and they can reduce discipline in financial markets and public finances, tighten financing constraints by restricting the availability of foreign capital. The global financial crisis has caused the swings of capital flows in financial markets and lead to policy reforms in developing countries. The aim of the study is to analyze the capital flows and policy reforms in Turkey after global financial crises. DOI: 10.5901/ajis.2013.v2n8p595
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