A Comparative Analysis of the Financial Liberalization in Turkey and Brazil

被引：0
|
作者：
Gover, Z. Tugrul [1 ]
机构：
[1] Undersecretariat Treasury, Ankara, Turkey
来源：
PANOECONOMICUS | 2020年 / 67卷 / 02期
关键词：
Capital flows; Financial liberalization; Financial integration index; Capital flow management;
D O I：
10.2298/PAN170329023G
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The objective of this study is to explain the financial liberalization processes in Turkey and Brazil, to analyze the external financial liberalization processes and the financial integration indices and to compare the developments in the financial integration indices of Turkey and Brazil during the period 1980-2013. Our analysis revealed that, on the one hand, Brazil has continued its external liberalization process since the 1990s, but on the other hand, Brazil used two main tools to manage the capital flows, namely, capital controls and liberalization of capital outflows. In contrast, Turkey did not employ these tools following liberalization of the capital account.
引用
收藏
页码：207 / 224
页数：18
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