The Real Effects of External Debt on Turkey
One basic problem of Turkish economy is that the large current account deficit which is expected to equal to 4.5% of total Gross Domestic Product at the end of this year. When this is the case, the short term capital inflows and foreign direct investments (FDI) in the country becomes crucially important (Recently we published a post about the outlook of FDI in Turkey). That said, short terms capital flows into the country has come into prominence as...