Perspectives on high real interest rates in Turkey / prepared by Prakash Kannan.

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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Bibliographic Details
Main Author: Kannan, Prakash (Author)
Corporate Author: International Monetary Fund. European Department
Format: eBook
Published: Washington, D.C. : International Monetary Fund, ©2008.
Series:IMF working paper ; WP/08/251.
Online Access:Click for online access