Munich Personal RePEc Archive

International Liquidity, Financial Constraints and Private Investment in an Emerging Market Economy

Guncvadi, Oner (2008): International Liquidity, Financial Constraints and Private Investment in an Emerging Market Economy.

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Abstract

This article examines whether or not the recent surge in the availability of international liquidity helps Turkey revive private investment expenditure. Unlike previous studies, this paper indicates that an increased availability of financial resources after 2002 played a detrimental role in the recent recovery of private investment in Turkey.

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