Eurasian Economists Association

International Conference on Eurasian Economies

9-11 September 2015 – Kazan, RUSSIA

Paper detail

Paper ID : 1379
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Prof. Dr. Haluk Egeli
Session : 3B Makroekonomi

The Sustainability of External Debts for Turkic Countries
Türki Cumhuriyeti Ülkelerinde Dış Borçların Sürdürülebilirliği

Abstract

Resources provided from one country to another country fulfills the function of closing the gap for currency and savings for the country acquiring these resources. Regarding the current position of emerging countries, these two concepts take important place for their development efforts. In this paper, developments in Turkic Countries are analyzed to put forth their external debts' sustainability for the transition period. The model is constructed by using variables with inter temporal budgetary constraints approach. Inter temporal budgetary constraint approach take into consideration external debt as well as interest rates in international financial markets. Panel data techniques are used for empirical analysis and based on the empirical findings for above mentioned countries, comments are made for their liquidity constraints and the sustainability of their external debts.

JEL codes: H63, C33

Egeli, Haluk, Egeli, Pınar (2015). "The Sustainability of External Debts for Turkic Countries" in Proceedings of International Conference of Eurasian Economies 2015, pp.225-231, Kazan, RUSSIA.

Full paper in PDF format.

Session 3B: Makroekonomi

Eurasian Economists Association Beykent University Kazan Federal University Kyrgyzstan-Turkey Manas University TIKA Turkish Central Bank