This paper presents and discusses some stylised facts of the corporate sector financial structure in Turkey using the Company Sector Accounts compiled by the Central Bank of the Republic of Turkey (CBRT). The findings of the paper suggest that non-financial firms in Turkey have been heavily...

How investment is financed matters a great deal to growth, especially in countries like Turkey, where domestic savings are low and financial systems are not deep enough in supplying the funds needed for growth-generating corporate investment. In these countries there is a close link between...

This paper discusses financial fragilities of Turkish corporate sector to exogenous financial risks stemming mainly from global imbalances, the realisation of which may lead to substantial increases in international interest rates and/or a sudden stop or reversal of capital flows especially to...

This paper investigates the causes and balance sheet effect consequences of the liability dollarisation of non-financial sectors in Turkey using the Company Accounts database compiled by the Central Bank of Turkey. The results from the panel EGLS and GMM procedures suggest that both...

This study examines the determinants of the price-cost margins in the Turkish manufacturing industry spanning from 1995 to 2003. The literature on this subject points to the importance of market structure, business cycles and input costs. Utilizing panel data econometric techniques on a large...

[EN] Non-financial companies in Turkey have a significant amount of foreign currency (FX) denominated debt on aggregate. Macro figures suggest that corporate sector is in substantial short position in terms of FX debt, implying a significant currency risk. This note tends to explore this risk...

[TR] Turkiye’de yurtici tasarruf orani son yillarda belirgin bir dusus gostermistir. Soz konusu dusus tasarruf-yatirim aciginin buyumesinde dolayisiyla yuksek cari islemler aciginin ortaya cikmasinda etkili olmustur. Bu cercevede, soz konusu acigi dusurmek uzere hanehalki tasarruflarini...

Standard neoclassical growth models assume that foreign savings are perfect substitutes of domestic savings in financing domestic capital. Therefore, domestic saving rates are supposed to have no impact on investments and growth rates of countries. However, these models fail to explain the...