ISSN 1300-1868
 

Original Research (Original Article) 


Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises

Hasan Cömert, Güney Düzçay.

Abstract
This study discusses the implications of developments in current account and financial accounts for both developed and developing countries with a specific reference to the global imbalances debate. There are two main arguments of the study. First, it may be misleading to focus on net capital flows or/and current accounts in order to detect the external sources of the last global crisis. In relation to this, a gross flow approach incorporated into the Minsky-Kindleberger model may be a more useful way of explaining the external sources of the last global crisis. Second, current accounts and net capital flows are much more relevant indicators for developing countries compared to their meaning in advanced countries. Although gross flows gains importance in countries with relatively developed financial markets, net financial flows would be better proxies for external sources of fragilities for developing countries due to the key roles played by exchange rates and reserve accumulation in these countries under the current global financial order.

Key words: Global Imbalances, Current Accounts, Capital Flows, Minsky-Kindleberger Approach, Developing Countries. JEL Classification: F32, F41 F44, B5.



Küresel Dengesizlikler ve Kriz Tartışması Işığında Cari Denge ve Sermaye Hesabını Anlamak

Özet
Bu çalışma gelişmiş ve gelişmekte olan ülkelerde cari ve finansal hesapları küresel dengesizlikler ve kriz tartışmaları ışığında anlamaya çalışmaktadır. Makalenin iki temel tezi vardır. Birincisi, son kürsel krizin harici kaynaklarını anlamak için net finansal akımlara/cari hesaplara odaklanmak yanıltıcı olabilir. Minsky-Kindleberger modeline eklemlenmiş bir bürüt akımlar yaklaşımı son küresel krizin harici kaynaklarını çok daha iyi açıklayabilir. İkincisi, cari hesaplar ve net finansal akımlar gelişmiş ülkelere göre gelişmekte olan ülkelerde daha anlamlı göstergelerdir. Bürüt akımlar derin finansal piyasaları olan ülkelerde önem kazanırken, net finansal akımlar kırılganlıkların harici kaynaklarını anlamak için gelişmekte olan ülkelerde daha geçerli göstergelerdir. Bunun sebebi döviz kuru ve döviz rezervleri gibi etmenlerin günümüz küresel finans düzeninde gelişmekte olan ülkeler için hayati bir öneme sahip olmasıdır.

Anahtar Kelimeler: Küresel Dengesizlikler, Cari Hesaplar, Sermaye Akımları, Minsky-Kindleberger Yaklaşımı, Gelişmekte Olan Ülkeler. JEL Sınıflaması: F32, F41, F44, B5.


 
ARTICLE TOOLS
Abstract
PDF Fulltext
Print this article Print this Article
How to cite this articleHow to cite this article
Export to
Export to
Related Records
 Articles by Hasan Cömert
Articles by Güney Düzçay
on Google
on Google Scholar
Article Statistics
 Viewed: 1576
Downloaded: 779
Cited: 0

REFERENCES
Acharya, V. & Schnabl, P. (2009). Do Global Banks Spread Global Imbalances? The Case of AssetBacked Commercial Paper During the Financial Crisis of 2007–09. Paper presented at the 10th Jacques Polak Annual Research Conference Hosted by the International Monetary Fund, Washington, DCâ"€November 5–6, 2009.
Adrian, T. & Shin, H-S. (2010). Liquidity and leverage. Journal of Financial Intermediation, Elsevier, 19(3), pages 418-437, July. [DOI via Crossref]   
Aizenman, J. & Jinjarak, Y. (2008). Current Account Patterns and National Real Estate Markets. NBER Working Papers 13921, National Bureau of Economic Research, Inc.
Benlialper, A. & Cömert, H. (2014). Türkiye Enflasyon Hedeflemesi Deneyiminde Döviz Kurunun Rolü. ERC Working Papers 1410, ERC - Economic Research Center, Middle East Technical University, revised Sep 2014.
Bernanke, B. (2005). The Global Saving Glut and the US Current Account Deficit. Speech at the Homer Jones Lecture, St. Louis, Missouri, April 14, 2005.
Bernanke, B. (2007). Global Imbalances: Recent Developments and Prospects. Speech at the Bundesbank Lecture, Berlin, Germany, September 11, 2007.
Bernanke, B. (2009). Financial Reform to Address Systemic Risk. Speech at the Council on Foreign Relations, Washington, D.C. March 10, 2009.
Bernanke, B. (2010). Monetary Policy and the Housing Bubble. Speech at Annual Meeting of the American Economic Association, Atlanta, Georgia, January 2010. [Pubmed]    [PMC Free Fulltext]   
Bernanke, B. (2011). Global imbalances – links to economic and financial stability. Speech at the Banque de France Financial Stability Review Launch Event, Paris, 18 February 2011.
Bernanke, B., Bertaut, C., DeMarco L. P. & Kamin, S. (2011). International capital flows and the returns to safe assets in the United States, 2003-2007. International Finance Discussion Papers 1014, Board of Governors of the Federal Reserve System (U.S.). [DOI via Crossref]   
Borio, C. (2012). The financial cycle and macroeconomics: What have we learnt?. BIS Working Papers 395, Bank for International Settlements.
Borio, C. & Disyatat, P. (2011). Global imbalances and the financial crisis: Link or no link?. BIS Working Papers 346, Bank for International Settlements. [DOI via Crossref]   
Brunnermeier, M. K. (2009). Deciphering the Liquidity and Credit Crunch 2007-2008. Journal of Economic Perspectives, American Economic Association, 23(1), pages 77-100, Winter. [DOI via Crossref]   
Bruno, V. & Shin H-S., (2013). Capital Flows, Cross-Border Banking and Global Liquidity. NBER Working Papers 19038, National Bureau of Economic Research, Inc.
Caballero, R. J. & Krishnamurthy, A. (2009). Global Imbalances and Financial Fragility. NBER Working Papers 14688, National Bureau of Economic Research, Inc. [DOI via Crossref]   
Cooper, R. N. (2005). Living with Global Imbalances: A Contrarian View. Policy Briefs PB05-03, Peterson Institute for International Economics.
Cooper, R. N. (2007). Living with Global Imbalances. Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, 38(2), pages 91-110.
Corden, M. (2011). Global imbalances and the paradox of thrift. CEPR Policy Insight No. 54, April 2011. [DOI via Crossref]   
Cömert, H. (2013). Central Banks and Financial Markets, The Declining Power of US Monetary Policy. Northampton, MA: Edward Elgar. [DOI via Crossref]   
Crotty, J. (2009). Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'. Cambridge Journal of Economics 2009, 33, 563–580. [DOI via Crossref]   
Desroches, B. & Francis, M. (2007). World Real Interest Rates: A Global Savings and Investment Perspective. Working Papers 07-16, Bank of Canada.
Dooley, M.P., Folkerts-Landau, D. & Garber, P. (2003). An Essay on the Revived Bretton Woods System. NBER Working Papers 9971, National Bureau of Economic Research, Inc.
Dooley, M.P., Folkerts-Landau, D. & Garber, P. (2004). The Revived Bretton Woods System: The Effects of Periphery Intervention and Reserve Management on Interest Rates and Exchange Rates in Center Countries. NBER Working Papers 10332, National Bureau of Economic Research, Inc., March 2004. [DOI via Crossref]   
Dooley, M.P., Folkerts-Landau, D. & Garber, P. (2005a). Savings Gluts and Interest Rates: The Missing Link to Europe. NBER Working Papers 11520, National Bureau of Economic Research, Inc., July 2005.
Dooley, M.P., Folkerts-Landau, D. & Garber, P. (2005b). Interest Rates, Exchange Rates and International Adjustment. NBER Working Papers 11771, National Bureau of Economic Research, Inc., November 2005.
Dymski, G. A. (2009). Racial Exclusion and the Political Economy of the Subprime Crisis. Research on Money and Finance, Discussion Paper No 1., February 15, 2009. [DOI via Crossref]   
Ertürk, K. (2003). Asset Price Bubbles, Liquidity Preference and the Business Cycle. Working Paper Series, Department of Economics, University of Utah 2003_09.
Fisher, I., (1933). The Debt-Deflation Theory of Great Depressions. Econometrica 1.4: 337–357. [DOI via Crossref]   
Fostel, A. & Geanakoplos, J. (2011). Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes. Cowles Foundation Discussion Papers 1809, Cowles Foundation for Research in Economics, Yale University. [DOI via Crossref]   
Frankel, J. (2007). Nine Reasons We Are Given Not to Worry About the US Deficits. Commission on Growth and Development workshop on Global Trends and Challenges, Yale University, September 2007.
Frenkel, R. & Rapetti, M. (2009). A developing country view of the current global crisis: what should not be forgotten and what should be done. Cambridge Journal of Economics, Oxford University Press, 33(4), pages 685-702, July. [DOI via Crossref]   
Geanakoplos, J. (2009). The Leverage Cycle. Cowles Foundation Discussion Papers 1715, Cowles Foundation for Research in Economics, Yale University. [DOI via Crossref]   
Geanakoplos, J. (2010). Solving the present crisis and managing the leverage cycle. Economic Policy Review, Federal Reserve Bank of New York, issue Aug, pages 101-131. [DOI via Crossref]   
Gorton, G. & Metrick A. (2010). Securitized Banking and the Run on Repo. Retrieved November 16, 2014, from http://ssrn.com/abstract=1440752
Greenspan, A. (2008). A Response to My Critics. Financial Times, April 6, 2008.
Greenspan, A. (2009). The Fed Didn't Cause the Housing Bubble. Wall Street Journal, March 11, 2009.
Greenspan, A. (2010). The Crisis. Brookings Papers on Economic Activity, 2010 (1), pp. 201-246. [DOI via Crossref]   
IMF (2005). Global Imbalances: A Saving and Investment Perspective. World Economic Outlook, Chapter 2, September 2005.
Johnson, K. H. (2009). Gross or Net International Financial Flows Understanding the Financial Crisis. Council on Foreign Relations Working Paper. Center for Geoeconomic Studies.
Kindleberger, C. P. & R. Z. Aliber, (2005). Manias, Panics and Crashes, A History of Financial Crises. Fifth Edition. New York: Palgrave Macmillan. [DOI via Crossref]   
King, M. (2010). Speech at the University of Exeter on Tuesday 19 January 2010. Retrieved November 16, 2014, from: http://www.bankofengland.co.uk/archive/Documents/historicpubs/speeches/2010/speech41 9.pdf
Krugman, P. (1999). Balance Sheets, the Transfer Problem, and Financial Crises. International Tax and Public Finance, Springer, 6(4), pages 459-472, November. [DOI via Crossref]   
Lane, P. R. & Milesi-Ferretti, G. M. (2014). Global imbalances and external adjustment after the crisis. Paper Prepared for Central Bank of Chile's Annual Research Conference. [DOI via Crossref]   
Lapavitsas, C. (2009). Financialised Capitalism: Crisis and Financial Expropriation. Research on Money and Finance, Discussion Paper No 1., February 15, 2009. [DOI via Crossref]   
Lapavitsas, C. (2010). Financialisation and Capitalist Accumulation: Structural Accounts of the Crisis of 2007-9. Research on Money and Finance, Discussion Paper No 16., February, 2010.
Legg, A., Prasad N. & Robinson T. (2007). Global Imbalances and the Global Saving Glut – A Panel Data Assessment. RBA Research Discussion Papers rdp2007-11, Reserve Bank of Australia.
Levine, R. (2010). An Autopsy of the US Financial System. NBER Working Paper, no.15956, April 2010.
Lysandrou, P. (2009). Global Inequality and the Global Financial Crisis: The New Transmission Mechanism. Retrieved November 16, 2014, from: http://www.boeckler.de/pdf/v_2009_10_30_lysandrou.pdf
Mehrling, P. (2012). The Inherent Hierarchy of Money. Paper prepared for Duncan Foley festschrift volume, and conference April 20-21, 2012. Retrieved November 16, 2014, from http://ieor.columbia.edu/files/seasdepts/industrial-engineering-operations-research/pdffiles/Mehrling_P_FESeminar_Sp12-02.pdf
Merrouche, O. & Nier, E. (2010). What Caused the Global Financial Crisis - Evidence on the Drivers of Financial Imbalances 1999 – 2007. IMF Working Papers 10/265, International Monetary Fund. [DOI via Crossref]   
Obstfeld, M., (2012a). Does the Current Account Still Matter?. CEPR Discussion Papers 8888, C.E.P.R. Discussion Papers.
Obstfeld, M., (2012b). Financial flows, financial crises, and global imbalances. Journal of International Money and Finance, Elsevier, 31(3), pages 469-480. [DOI via Crossref]   
Obstfeld, M. & Rogoff, K. (2009). Global Imbalances and the Financial Crisis: Products of Common Causes. Paper prepared for the Federal Reserve Bank of San Francisco Asia Economic Policy Conference, Santa Barbara, CA, October 18-20, 2009.
Palley, T. I. (2009). America's exhausted paradigm: Macroeconomic causes of the financial crisis and great recession. Working Paper, Institute for International Political Economy Berlin, No. 02/2009.
Palley, T. I. (2010). The Limits of Minsky's Financial Instability Hypothesis as an Explanation of the Crisis. Retrieved November 16, 2014, from http://monthlyreview.org/2010/04/01/the-limits-ofminskys-financial-instability-hypothesis-as-an-explanation-of-the-crisis/ [DOI via Crossref]   
Portes, R. (2009). Global Imbalances. In M. Dewatripont, X. Freixas and R. Portes (eds.), Macroeconomic Stability and Financial Regulation: Key Issues for the G20, CEPR Publication.
Reinhart, C. M. & Rogoff, K. (2009). This Time Is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press.
Resnick, S. & Wolff, R. (2010). The Economic Crisis: A Marxian Interpretation. Rethinking Marxism: A Journal of Economics, Culture & Society, 22:2, pp.170-186. [DOI via Crossref]   
Rey, H. (2013). Dilemma not trilemma: the global cycle and monetary policy independence.Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City.
Roubini, N. (2008). Global Imbalances: a contemporary 'Rashomon' saga. In J-P Touffot (ed), Central Banks as Economic Institutions, Cheltenham: Edward Elgar, pp.162-176. [DOI via Crossref]   
Sa, F., Towbin, P. & Wieladek, T. (2011). Low interest rates and housing booms: the role of capital inflows, monetary policy and financial innovation. Bank of England working papers 411, Bank of England. [DOI via Crossref]   
Sa, F. & Wieladek, T. (2010). Monetary policy, capital inflows and the housing boom. Bank of England working papers 405, Bank of England. [DOI via Crossref]   
Schumpeter, J. A. (1947). Capitalism. Socialism, and Democracy. New York and London: Harper & Brothers Publishers.
Schwartz, A. J. (2009). Origins of the financial market crisis of 2008. Cato Journal, 29 (1), pp. 19-23.
Setterfield, M. (2010). Real Wages, Aggregate Demand, and the Macroeconomic Travails of the US Economy: Diagnosis and Prognosis. Working Papers 1005, Trinity College, Department of Economics. [DOI via Crossref]   
Shin, H. S., (2012). Global Banking Glut and Loan Risk Premium. Mundell-Fleming Lecture, presented at the 2011 IMF Annual research conference. [DOI via Crossref]   
Smaghi, L. B. (2008). The financial crisis and global imbalances – two sides of the same coin. Speech at the Asia Europe Economic Forum conference "The Global Financial Crisis: Policy choices in Asia and Europe", Beijing, 9 December 2008.
Stiglitz, J. E. (2009). Interpreting the Causes of the Great Recession of 2008. Lecture to have been delivered at BIS Conference, Basel, June, 2009.
Stockhammer, E. (2012). Rising Inequality as a Root Cause of the Present Crisis. PERI Working Paper Series, No. 282, April 2012.
Taylor, J.B. (2007). Housing and Monetary Policy. NBER Working Paper No. 13682, December 2007.
Taylor, J. B. (2009). The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong. NBER Working Paper No. 14631, January 2009. [DOI via Crossref]   
Tokunaga, J. & Epstein, G. (2014). The Endogenous Finance of Global Dollar-Based Financial Fragility in the 2000s: A Minskian Approach. Political Economy Research Institute, Working Paper Series, No. 340.
Warnock, F.A & Warnock, V.C. (2009). International capital flows and U.S. interest rates. Journal of International Money and Finance, Elsevier, 28 (2009) 903–919. [DOI via Crossref]   
Wolf, M. (2008). Why Greenspan Does Not Bear Most of the Blame. Financial Times, April 8, 2008.

How to Cite this Article
Pubmed Style

Comert H, Duzcay G. [Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]. Ekonomik Yaklasim. 2015; 26(96): 59-90. Turkish. doi:10.5455/ey.35901


Web Style

Comert H, Duzcay G. [Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]. http://www.ekonomikyaklasim.org/?mno=174932 [Access: June 19, 2018]. Turkish. doi:10.5455/ey.35901


AMA (American Medical Association) Style

Comert H, Duzcay G. [Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]. Ekonomik Yaklasim. 2015; 26(96): 59-90. Turkish. doi:10.5455/ey.35901



Vancouver/ICMJE Style

Comert H, Duzcay G. [Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]. Ekonomik Yaklasim. (2015), [cited June 19, 2018]; 26(96): 59-90. Turkish. doi:10.5455/ey.35901



Harvard Style

Comert, H. & Duzcay, G. (2015) [Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]. Ekonomik Yaklasim, 26 (96), 59-90. Turkish. doi:10.5455/ey.35901



Turabian Style

Comert, Hasan, and Guney Duzcay. 2015. [Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]. Ekonomik Yaklasim, 26 (96), 59-90. Turkish. doi:10.5455/ey.35901



Chicago Style

Comert, Hasan, and Guney Duzcay. "[Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]." Ekonomik Yaklasim 26 (2015), 59-90. Turkish. doi:10.5455/ey.35901



MLA (The Modern Language Association) Style

Comert, Hasan, and Guney Duzcay. "[Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]." Ekonomik Yaklasim 26.96 (2015), 59-90. Print.Turkish. doi:10.5455/ey.35901



APA (American Psychological Association) Style

Comert, H. & Duzcay, G. (2015) [Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises]. Ekonomik Yaklasim, 26 (96), 59-90. Turkish. doi:10.5455/ey.35901





Most Viewed Articles
  • Ulusların Düşüşü - Güç, Zenginlik ve Yoksulluğun Kökenleri
    Why Nations Fail - The Origins of Power, Prosperity and Poverty [Turkish]
    Gönül DİNÇER
    Ekonomik Yaklasim. 2014; 25(93): 65-76
    » Abstract & References » doi: 10.5455/ey.35517

  • DOSTOYEVSKİ'NİN İKTİSADİ YAKLAŞIMI VE İKTİSADİ AKLIN ELEŞTİRİSİ
    Dostoevsky’s Approach to Economics and Critique of the Economic Man [Turkish]
    Ceyhun GÜRKAN, Mustafa ÖZİŞ
    Ekonomik Yaklasim. 2012; 23(82): 99-128
    » Abstract & References » doi: 10.5455/ey.20004

  • BÜTÇE AÇIKLARININ CARİ İŞLEMLER DENGESİ ÜZERİNE ETKİLERİ: İKİZ AÇIKLAR HİPOTEZİNİN TÜRKİYE AÇISINDAN DEĞERLENDİRİLMESİ
    Effects of Budget Deficit on Current Account Balance: Analysis of Twin Deficits Hypothesis in Case of Turkey [Turkish]
    Metin BAYRAK; Ömer ESEN
    Ekonomik Yaklasim. 2012; 23(82): 23-49
    » Abstract & References » doi: 10.5455/ey.20001

  • TÜRKİYE'DE KAMU SEKTÖRÜ BÜYÜKLÜĞÜ VE EKONOMİK BÜYÜME İLİŞKİSİNİN AMPİRİK ANALİZİ
    An Empirical Analysis on the Relationship between Public Sector Size and Economic Growth in Turkey [Turkish]
    Ömer Faruk ALTUNÇ, Celil AYDIN
    Ekonomik Yaklasim. 2012; 23(82): 79-98
    » Abstract & References » doi: 10.5455/ey.20003

  • BÜYÜME: NEYİN BÜYÜMESİ? İktisadi Büyümeye İlişkin Eleştirel Bir Değerlendirme
    GROWTH? GROWTH OF WHAT? A Critical Assesment of Economic Growth [Turkish]
    Mustafa DURMUŞ
    Ekonomik Yaklasim. 2012; 23(83): 37-68
    » Abstract & References » doi: 10.5455/ey.34097

  • TÜRKİYE EKONOMİSİ İÇİN NAIRU TAHMİNİ
    NAIRU Estimation for the Turkish Economy [Turkish]
    Özlem YİĞİT; Atilla GÖKÇE
    Ekonomik Yaklasim. 2012; 23(83): 69-91
    » Abstract & References » doi: 10.5455/ey.34098

  • TÜRKİYE’DE 1994, 2001 VE 2008-9 EKONOMİK KRİZLERİNİN KARŞILAŞTIRMALI ANALİZİ
    ECONOMIC CRISES IN TURKEY: A COMPARATIVE ANALYSIS OF FAILURES IN 1994, 2001 AND 2008-9 [Turkish]
    Oktar TÜREL
    Ekonomik Yaklasim. 2010; 21(75): 27-75
    » Abstract & References » doi: 10.5455/ey.10704

  • Orta Gelir Tuzağından Çıkış
    Rise from Middle Income Trap [Turkish]
    Yusuf Kurtoğlu
    Ekonomik Yaklasim. 2014; 25(90): 71-90
    » Abstract & References » doi: 10.5455/ey.35313

  • KÜRESEL GIDA KRİZİ: ÜÇÜNCÜ GIDA REJİMİ, KÜRESEL SERMAYE VE GELİŞMEKTE OLAN ÜLKELER
    Global Food Crisis: The Third Food Regime, Global Capital and The Developing Countries [Turkish]
    Sibel ÇAŞKURLU
    Ekonomik Yaklasim. 2012; 23(Special): 161-194
    » Abstract & References » doi: 10.5455/ey.20011

  • İLERİYE DÖNÜK YENİ KEYNESYEN PARA POLİTİKASI REAKSİYON FONKSİYONUNUN TAHMİNİ: TAYLOR KURALI’NIN, MCCALLUM KURALI’NIN, TAYLOR-MCCALLUM MELEZ KURALI’NIN TÜRKİYE EKONOMİSİNDE GEÇERLİLİĞİ
    Estimation of New Keynesian Monetary Policy Reaction Function: Availability of Taylor Rule, McCallum Rule and Hybrid Taylor-McCallum Rule in Turkish Economy [Turkish]
    Hakan Naim ARDOR, Serdar VARLIK
    Ekonomik Yaklasim. 2013; 24(89): 45-71
    » Abstract & References » doi: 10.5455/ey.35302

  • Most Downloaded
  • Ulusların Düşüşü - Güç, Zenginlik ve Yoksulluğun Kökenleri
    Why Nations Fail - The Origins of Power, Prosperity and Poverty [Turkish]
    Gönül DİNÇER
    Ekonomik Yaklasim. 2014; 25(93): 65-76
    » Abstract & References » doi: 10.5455/ey.35517

  • Merkez Bankası Döviz Rezervlerinin Belirleyicileri: Türkiye Örneği
    Determinants of the Central Bank Foreign Currency Reserves: The Case of Turkey [Turkish]
    Emek Aslı CİNEL, Nebiye YAMAK
    Ekonomik Yaklasim. 2014; 25(93): 21-38
    » Abstract & References » doi: 10.5455/ey.35515

  • BÜYÜME: NEYİN BÜYÜMESİ? İktisadi Büyümeye İlişkin Eleştirel Bir Değerlendirme
    GROWTH? GROWTH OF WHAT? A Critical Assesment of Economic Growth [Turkish]
    Mustafa DURMUŞ
    Ekonomik Yaklasim. 2012; 23(83): 37-68
    » Abstract & References » doi: 10.5455/ey.34097

  • Küresel Dengesizlikler ve Kriz Tartışması Işığında Cari Denge ve Sermaye Hesabını Anlamak
    Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises [Turkish]
    Hasan Cömert, Güney Düzçay
    Ekonomik Yaklasim. 2015; 26(96): 59-90
    » Abstract & References » doi: 10.5455/ey.35901

  • Cinsiyet Temelli Olarak Ayrışmış İşgücü Piyasası ve Çalışma Yaşamı Tercihleri: Türkiye’den Kanıt
    Gender Segregated Labor Market and Work-Life Preferences: Evidence from Turkey [English]
    Meltem İNCE YENİLMEZ
    Ekonomik Yaklasim. 2014; 25(93): 1-20
    » Abstract & References » doi: 10.5455/ey.35514

  • Orta Gelir Tuzağından Çıkış
    Rise from Middle Income Trap [Turkish]
    Yusuf Kurtoğlu
    Ekonomik Yaklasim. 2014; 25(90): 71-90
    » Abstract & References » doi: 10.5455/ey.35313

  • Türkiye'de Bölgesel Ekonomik Aktivite: Yeni Ekonomik Coğrafya Yaklaşımı
    Regional Economic Activity in Turkey: A New Economic Geography Approach [English]
    Mehmet Burak TURGUT
    Ekonomik Yaklasim. 2014; 25(93): 39-63
    » Abstract & References » doi: 10.5455/ey.35516

  • İLERİYE DÖNÜK YENİ KEYNESYEN PARA POLİTİKASI REAKSİYON FONKSİYONUNUN TAHMİNİ: TAYLOR KURALI’NIN, MCCALLUM KURALI’NIN, TAYLOR-MCCALLUM MELEZ KURALI’NIN TÜRKİYE EKONOMİSİNDE GEÇERLİLİĞİ
    Estimation of New Keynesian Monetary Policy Reaction Function: Availability of Taylor Rule, McCallum Rule and Hybrid Taylor-McCallum Rule in Turkish Economy [Turkish]
    Hakan Naim ARDOR, Serdar VARLIK
    Ekonomik Yaklasim. 2013; 24(89): 45-71
    » Abstract & References » doi: 10.5455/ey.35302

  • TÜRKİYE’DE 1994, 2001 VE 2008-9 EKONOMİK KRİZLERİNİN KARŞILAŞTIRMALI ANALİZİ
    ECONOMIC CRISES IN TURKEY: A COMPARATIVE ANALYSIS OF FAILURES IN 1994, 2001 AND 2008-9 [Turkish]
    Oktar TÜREL
    Ekonomik Yaklasim. 2010; 21(75): 27-75
    » Abstract & References » doi: 10.5455/ey.10704

  • TÜRKİYE EKONOMİSİ İÇİN NAIRU TAHMİNİ
    NAIRU Estimation for the Turkish Economy [Turkish]
    Özlem YİĞİT; Atilla GÖKÇE
    Ekonomik Yaklasim. 2012; 23(83): 69-91
    » Abstract & References » doi: 10.5455/ey.34098

  • Most Cited Articles
  • TÜRKİYE’DE BİREYSEL EMEKLİK SİSTEMİ’NDEKİ CİNSİYET FARKLILIKLARININ ANALİZİ
    An Analysis of Gender Gaps in the Private Pension Scheme in Turkey [English]
    S. Cihan BOZKUŞ, Adem Y. ELVEREN
    Ekonomik Yaklasim. 2008; 19(69): 89-106
    » Abstract & References » doi: 10.5455/ey.10677
    Cited : 3 times [Click to see citing articles]

  • EV SAHiBi ÜLKE AÇISINDAN YABANCI SERMAYE YATIRIMLARINI ETKİLEYEN FAKTÖRLER VE TÜRKİYE ÜZERİNE BİR UYGULAMA
    English Title Not Available [Turkish Title: EV SAHiBi ÜLKE AÇISINDAN YABANCI SERMAYE YATIRIMLARINI ETKİLEYEN FAKTÖRLER VE TÜRKİYE ÜZERİNE BİR UYGULAMA] [Turkish]
    Filiz Elmas ÖZAĞ
    Ekonomik Yaklasim. 1994; 5(12): 63-77
    » Abstract & References » doi: 10.5455/ey.10174
    Cited : 3 times [Click to see citing articles]

  • [Türkçe Başlık Yok]
    TOURISM AND ECONOMIC GROWTH IN TURKEY [English]
    Jülide Yıldırım Öcal, Nadir Öcal
    Ekonomik Yaklasim. 2004; 15(52-53): 131-141
    » Abstract & References » doi: 10.5455/ey.10503
    Cited : 3 times [Click to see citing articles]

  • GCC PETRODOLAR FAZLALIĞI VE ABD CARİ AÇIK DENGESİZLİĞİ
    GCC PETRODOLLAR SURPLUSES AND THE US CURRENT ACCOUNT IMBALANCE [English]
    Shawkat HAMMOUDEH, Ramazan SARI, Eisa ALESIA
    Ekonomik Yaklasim. 2009; 20(73): 39-54
    » Abstract & References » doi: 10.5455/ey.10695
    Cited : 2 times [Click to see citing articles]

  • Türkiye’de Bireysel Emeklilik Sistemi: Toplumsal Cinsiyetçi Bir Yaklaşım
    THE INDIVIDUAL PENSION SYSTEM IN TURKEY: A GENDERED PERSPECTIVE [English]
    Şule ŞAHİN, Helga RITTERSBERGER-TILIÇ, Adem Yavuz ELVEREN
    Ekonomik Yaklasim. 2010; 21(77): 115-142
    » Abstract & References » doi: 10.5455/ey.20039
    Cited : 2 times [Click to see citing articles]

  • İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)
    English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)] [Turkish]
    Ahmet ZENGİN
    Ekonomik Yaklasim. 2000; 11(39): 37-67
    » Abstract & References » doi: 10.5455/ey.10335
    Cited : 2 times [Click to see citing articles]

  • İstihdam, İktisadi Büyüme ve İşgücü Piyasası Performansı: Türkiye Örneği
    EMPLOYMENT, ECONOMIC GROWTH AND LABOR MARKET PERFORMANCE: THE CASE OF TURKEY [English]
    Alparslan AKÇORAOĞLU
    Ekonomik Yaklasim. 2010; 21(77): 101-114
    » Abstract & References » doi: 10.5455/ey.20038
    Cited : 2 times [Click to see citing articles]

  • Türkiye'de Bölgesel Ekonomik Aktivite: Yeni Ekonomik Coğrafya Yaklaşımı
    Regional Economic Activity in Turkey: A New Economic Geography Approach [English]
    Mehmet Burak TURGUT
    Ekonomik Yaklasim. 2014; 25(93): 39-63
    » Abstract & References » doi: 10.5455/ey.35516
    Cited : 2 times [Click to see citing articles]

  • BÜTÇE AÇIKLARININ CARİ İŞLEMLER DENGESİ ÜZERİNE ETKİLERİ: İKİZ AÇIKLAR HİPOTEZİNİN TÜRKİYE AÇISINDAN DEĞERLENDİRİLMESİ
    Effects of Budget Deficit on Current Account Balance: Analysis of Twin Deficits Hypothesis in Case of Turkey [Turkish]
    Metin BAYRAK; Ömer ESEN
    Ekonomik Yaklasim. 2012; 23(82): 23-49
    » Abstract & References » doi: 10.5455/ey.20001
    Cited : 2 times [Click to see citing articles]

  • İhracatta Çeşitlenme: Türkiye’nin Yoğun ve Yaygın Marjları
    EXPORT DIVERSIFICATION AND COMPETITIVENESS: INTENSIVE AND EXTENSIVE MARGINS OF TURKEY [English]
    Seda EKMEN, Güzin ERLAT
    Ekonomik Yaklasim. 2013; 24(88): 35-64
    » Abstract & References » doi: 10.5455/ey.35201
    Cited : 2 times [Click to see citing articles]