Keywords: Current Account Deficit
TEPAV: “Primary Budget Expenditures Did Not Fall Back Down to the Pre-crisis Level” The assessment stressed that a significant proportion of the current account deficit resulted from the savings gap of the public sector, confirming the need for a change in public expenditure policy.
18/08/2011
ANKARA – TEPAV stated that primary budget expenditures which grew along with the crisis did not fall back to the pre-crisis levels yet.
Fiscal Monitoring Report April-May 2011 Budget Implementation Results by TEPAV Stability Institute was pu
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Policy Note/Sarp Kalkan Budget Performance Paves the Way for the Current Account Deficit
23/05/2011
"Current account deficit of Turkey at 61 billion TL is approximate to the sum of the budget deficit (or public S-I gap) at 43.6 billion TL and private savings gap at 13 billion TL. This indicates that the driving factor for high current account
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TEPAV: “New Definitions for International Trade and Current Accounts Needed” TEPAV stated that some indicators need to be reconsidered since the spread of multinational firms throughout the world has altered the balances between countries.
04/03/2011
ANKARA - TEPAV argued that the nation-state based analysis of international trade and balance of payments accounts might lead to false interpretations and maintained that the mentioned accounts need to consider new definitions that regard internati
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TEPAV: “Current Account Deficit Problem Now More Dangerous” TEPAV stated that the rapid deterioration in the current account deficit resulted from the buoyant economic growth driven by domestic demand and stressed that the characteristics of the current account deficit problem of Turkey have changed considerably.
22/02/2011
ANKARA - TEPAV stated that the characteristics of the current account deficit problem of Turkey have changed considerably and said: "The rapid deterioration in the current account deficit resulted from the buoyant economic growth driven by domest
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World Bank’s Global Economic Prospects Report Discussed at TEPAV The Global Economic Prospects 2011 report by the World Bank was discussed at TEPAV by World Bank officials and economists with a special focus on the prospects for Turkey.
21/01/2011
ANKARA - The Global Economic Prospects 2011: Navigating Strong Currents report recently published by the World Bank was discussed at a meeting held at TEPAV on Friday, January 21, 2011.
Speaking at the opening of the meeting, TEPAV Economic Stud
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TEPAV: "Turkey’s Sovereign Rating Cannot be Upgraded Easily " TEPAV stated that Turkey strongly needs a new economic program to enjoy an improvement in sovereign rating beyond the level enabled by the success following the 2001 crisis.
09/01/2011
ANKARA- TEPAV answered the long-debated question why Turkey's sovereign rating is not upgraded and emphasized that the problem stems from a number of factors including current account deficit, and volatility of growth and of exchange rate. Stressin
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TEPAV: "One Third of the Economic Recovery Completed…" TEPAV stated that Turkey achieved an impressive growth performance whereas the recovery process in unemployment and exports could not be completed yet.
04/01/2011
ANKARA- TEPAV examined the performance of Turkey's economy in 2010 relying on the key macroeconomic indicators. Production and consumption indicators for 2010 indicated that the economy has regained the pace before the crisis whereas unemployment
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Evaluation Note / Sarp Kalkan Short term fund inflows are harmful for banks
30/12/2010
The monetary easing followed by the central banks in developed countries, FED to begin with, elevated short term fund flows towards developing countries including Turkey. Since the primary channel of entry for fund flows is the banking sector,
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