The effects of short term capital flows on Turkish econoy

ABSTRACTTHE EFFECTS OF SHORT TERM CAPITAL FLOWS ON TURKISHECONOMYDilek COŞGUNDepartment of EconomicsAfyon Kocatepe University, Institute of Social SciencesApril, 2006Advisor: Asst. Prof. Mahmut MASCAThe aim of this study is to examine the effects of short term capital flows on the Turkisheconomy. In the fırst chapter, the process of the financial liberalization in the world has beenmentioned. Some information about the preconditions, reasons and types of the liberalizationof capital flows has been given. In addition the reasons and the results of the inclining of thecapital flows towards the developing countries has been mentioned . In the second chapter,the definition of short term capital flows has been given. The empirical studies, which hasbeen done about the short term capital flows, has taken place. In the third chapter, the types ofcrisis and the crisis that short term capital flows caused in the world have been discussed. Inthe last chapter, the effects of short term capital flows on the Turkish economy has beenevaluated. The crisis that short term capital flows caused in Turkey has been discussed.