Abstract
The results of this study suggest that the determinants of portfolio capital flows are those factors specific to Turkey such as real market return, exchange rate policy and credit rating, rather than those specific to the country where the investment originates. The main factor that attracts portfolio capital flows is the real rate of return in the current period. In contrast, past real returns do not have any explanatory power for portfolio capital flows. The, our results also indicate that the US bond rates do not have much impact on portfolio capital flows to Turkey. That is, a decrease in the US rates does not lead to a significant inflow of investment into the ISE.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.