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  • Capital Flows and Credit Expansions in Turkey 

    Authors:Orhangazi, Özgür
    Publisher and Date:(Sage Publications Inc, 2014)
    Literature on capital flows identifies various channels through which capital inflows could create financial fragility and economic instability in developing and emerging economies. Domestic credit expansion is one such channel. Capital inflows can lead to rapid expansion of domestic credit even create credit bubbles and thus result in an increased fragility of the economy. I analyze the link between private capital inflows and bank credit to the private sector in the case of Turkey between 2003 ...