Turkey's Improving Integration with the Global Capital Market: Impacts on Risk Premia and Capital Costs
Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs. This has had broad effects on capital supply conditions in the entire economy. Real interest rates have declin...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2010
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Online-Zugang: | kostenfrei |
| Zusammenfassung: | Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs. This has had broad effects on capital supply conditions in the entire economy. Real interest rates have declined, and funds of lengthened maturity are becoming available for a broader range of borrowers and fund users, offering a basis for broader-based long-term growth. Estimations in the paper suggest that reinforcing fiscal institutions, price stability, governance quality, political stability and trade and growth performance would help Turkey to continue to improve its integration with the international capital market and reduce durably its capital costs. This paper relates to the 2010 OECD Economic Review of Turkey (www.oecd.org/eco/surveys/turkey) |
| Beschreibung: | 1 Online-Ressource (57 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5km4nf492j0r-en |
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| spelling | Gönenç, Rauf Verfasser aut Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs Rauf Gönenç, Saygin Sahinöz and Ozge Tuncel = L'Intégration croissante de la Turquie avec le marché global des capitaux : Effets sur les primes de risque et coût du capital / Rauf Gönenç, Saygin Sahinöz et Ozge Tuncel L'Intégration croissante de la Turquie avec le marché global des capitaux Paris OECD Publishing 2010 1 Online-Ressource (57 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs. This has had broad effects on capital supply conditions in the entire economy. Real interest rates have declined, and funds of lengthened maturity are becoming available for a broader range of borrowers and fund users, offering a basis for broader-based long-term growth. Estimations in the paper suggest that reinforcing fiscal institutions, price stability, governance quality, political stability and trade and growth performance would help Turkey to continue to improve its integration with the international capital market and reduce durably its capital costs. This paper relates to the 2010 OECD Economic Review of Turkey (www.oecd.org/eco/surveys/turkey) Economics Turkey Sahinöz, Saygin ctb Tuncel, Ozge ctb https://doi.org/10.1787/5km4nf492j0r-en Verlag kostenfrei Volltext |
| spellingShingle | Gönenç, Rauf Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs Economics Turkey |
| title | Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs |
| title_alt | L'Intégration croissante de la Turquie avec le marché global des capitaux |
| title_auth | Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs |
| title_exact_search | Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs |
| title_exact_search_txtP | Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs |
| title_full | Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs Rauf Gönenç, Saygin Sahinöz and Ozge Tuncel = L'Intégration croissante de la Turquie avec le marché global des capitaux : Effets sur les primes de risque et coût du capital / Rauf Gönenç, Saygin Sahinöz et Ozge Tuncel |
| title_fullStr | Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs Rauf Gönenç, Saygin Sahinöz and Ozge Tuncel = L'Intégration croissante de la Turquie avec le marché global des capitaux : Effets sur les primes de risque et coût du capital / Rauf Gönenç, Saygin Sahinöz et Ozge Tuncel |
| title_full_unstemmed | Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs Rauf Gönenç, Saygin Sahinöz and Ozge Tuncel = L'Intégration croissante de la Turquie avec le marché global des capitaux : Effets sur les primes de risque et coût du capital / Rauf Gönenç, Saygin Sahinöz et Ozge Tuncel |
| title_short | Turkey's Improving Integration with the Global Capital Market |
| title_sort | turkey s improving integration with the global capital market impacts on risk premia and capital costs |
| title_sub | Impacts on Risk Premia and Capital Costs |
| topic | Economics Turkey |
| topic_facet | Economics Turkey |
| url | https://doi.org/10.1787/5km4nf492j0r-en |
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