The next sudden stop

Sebnem Kalemli-Ozcan, 7 January 2014

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The ominous facts are well known – the strongest predictors of financial crises are domestic credit booms and external debts (Reinhart and Rogoff 2011). In emerging markets, credit booms are generally preceded by large capital inflows (Reinhart and Reinhart 2010).

Topics: Financial markets, International finance
Tags: capital flows, emerging markets, global financial crisis, liability dollarisation, sudden stops, tapering, Turkey

Whither Turkish pre-accession?

Philipp Böhler, Can Selçuki, Jacques Pelkmans, 1 April 2012

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This year marks the 15th year of Turkey’s application for EU membership.

Topics: EU policies
Tags: EU membership, Turkey

Turkey’s resistance to trade liberalisation with the EU through temporary trade barriers

Baybars Karacaovali, 4 September 2011

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Turkey, as a major emerging economy, started to use antidumping policies in 1989 and has since been one of its more active users (Bown 2010). Beginning in 2005, Turkey also adopted global safeguard measures, and this policy quickly became a significant temporary trade barrier (TTB) complementary to antidumping.

Topics: International trade
Tags: antidumping, temporary trade barriers, Turkey

Demographic pressure versus labour market space: A global view

Marga Peeters, Loek Groot, 2 August 2011

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Economists tend to study the problem of ageing in the developed countries in terms of rising old-age dependency ratios, which express the increasing higher number of pensioners for every working-age person. We can also apply the same reasoning to the young, where rising young-age dependency ratios in developing countries by definition implies more youngsters for every person of working age.

Topics: Labour markets
Tags: Ageing population, Demographic changes, Greece, Labour Markets, Poland, Turkey

Emerging partners create policy space for Africa

Helmut Reisen, Jean-Philippe Stijns, 12 July 2011

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Western politicians have watched the increased presence of emerging countries in Africa with much suspicion. Insinuations run from emerging countries – above all China – bringing down governance standards in Africa to them re-indebting, de-industrialising, and cornering African countries into the production of commodities while only enriching the elites.

Topics: Development, International trade
Tags: Africa, Brazil, China, emerging markets, India, South Korea, Turkey

Globalisation’s impact on inflation in the European Union

Raphael Auer, Andreas Fischer, 5 December 2010

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It is anyone’s guess where EU inflation is headed once the effects of the financial and sovereign debt crises settle. What is certain, however, is that the inflationary process after the crises will be shaped by the same long-term structural developments that helped create the low-inflation environment in the years leading up to 2007.

Topics: Europe's nations and regions, International trade
Tags: Central and Eastern Europe, China, EU, inflation, Turkey

Turkey’s road to Europe

Thorvaldur Gylfason, Per Magnus Wijkman, 24 April 2010

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“The natural effect of trade is to bring about peace.”
Montesquieu (1758)

Topics: Europe's nations and regions
Tags: Balkans, EU membership, Turkey

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