Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Liquidity, Uncertainty and Investment

Liquidity, Uncertainty and Investment

Gezici, Armagan

Paperback

Business General

ISBN10: 3639087135
ISBN13: 9783639087130
Publisher: Blues Kids Of Amer
Published: Oct 30 2008
Pages: 132
Weight: 0.41
Height: 0.28 Width: 6.00 Depth: 9.00
Language: English
Financial crises of the last two decades raised doubts about the potential benefits from liberalization policies for emerging markets. As liberalized economies became exposed to the whims of international capital flows, new opportunities for disruptive speculative financial activity emerged, leading to heightened systemic instability, with implications for private non-financial investment. This book analyzes the consequences of financial liberalization on the investment decisions of private manufacturing firms in the Turkish economy. Changing conditions of liquidity and uncertainty in the post liberalization Turkish economy are analyzed as the main channels through which liberalization policies affected investment decisions. Based on the results of interviews with company managers and econometric analysis, this work argues that the negative impact of volatility on investment in a highly uncertain macroeconomic environ-ment is intensified through its effect on the state of confidence of managers. The book is a contribution to the literatures on the economics of developing countries, investment theories and liberalization policies.

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