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Impact of Terms of Trade on Turkey’s Current Account Balance
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- Posted on May 29, 2013
- Competetiveness,Macro Topics
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Domestic demand’s rapid growth and the decoupling between domestic and external demand raised the current account deficit significantly in Turkey since 2010. However, developments in terms of trade (TofT) independently affect the external deficits as well. This note analyses analyses the impact of terms of trade on Turkey’s current account balance. In addition to decoupling […]
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