This study aims to examine the sustainability of current account deficits for Hungary, Poland,
Czech Republic and Turkey over the period 1998Q1: 2014: 2, with a special attention to the …

This study revisits the import demand function for Turkey using the newly defined national
income data and examines the evolution of the income and price elasticities over time. In …

Growing trade deficit has been one of the major problems of the Turkish economy since
1950s. This study attempts firstly to make a brief review of the theoretical literature on the …

English The current financial crisis that has emerged in developed countries has rippled
across the world and Turkey has proved no exception. In this paper we consider the …

The main objective of this paper is to shed new light on the nonlinear relationship between
exchange rate changes and trade balance. Different from previous studies, this study …

Turkey has experienced impressive economic growth following substantial reforms in the
wake of its 2001 economic crisis. One remaining concern is the very large current account …

Turkey is a develo**, small, open economy with a volatile growth pattern. One of the major
problems of its economy is the current account deficit (CAD) problem. Analyzing the current …

Turkey's high current account deficit has been at the core of macroeconomic policy
discussions in recent years. Quantifying the role of cyclical factors in driving the current …

The paper examines misalignment of the Turkish lira between 1998 and 2011. We first
estimate the equilibrium real exchange rate for Turkey, then compute misalignment and …

Turkey has undertaken important reforms since the 2001 financial crisis that have enhanced
the economy's resilience to shocks. Chief among these were an impressive improvement in …