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 sustain...

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Détails bibliographiques
Auteur principal: Kannan, Prakash
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2008.
Collection:IMF Working Papers; Working Paper ; No. 2008/251
Accès en ligne:Full text available on IMF