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
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.812 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| 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 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5km4nf492j0r-en |
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| spelling | Gönenç, Rauf VerfasserIn 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 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.812 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 Türkiye Sahinöz, Saygin MitwirkendeR ctb Tuncel, Ozge MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5km4nf492j0r-en Volltext |
| spellingShingle | Gönenç, Rauf Turkey's Improving Integration with the Global Capital Market Impacts on Risk Premia and Capital Costs Economics Türkiye |
| 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_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 Türkiye |
| topic_facet | Economics Türkiye |
| url | https://doi.org/10.1787/5km4nf492j0r-en |
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