Year 2018, Volume 5, Issue 4, Pages 395 - 403 2018-12-30

CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS
SERMAYE HAREKETLERİ VE KONTROL MEKANİZMALARININ ETKİNLİĞİ

Meliha Burcu Kines [1]

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Purpose - The purpose of this study is to investigate the reasons for sudden stop of capital flows in developing and underdeveloped countries and the efficiency of some control mechanisms.

Methodology - In this study, based on the literature review, the fundemental changes of foreign capital flows in home countries, the main reasons causing outflow and the efficiency of basic control mechanisms are investigated theoritically.

Findings- It is observed that at the starting point, there is a need of control mechanisms for short term capital flows in order to eliminate their negative effects on basic macroeconomic indicators.

Conclusion- In our days, the acceleration of capital flows between countries causes debates on current economics theories and policies. Capital flows between countries mainly specified as ‘’hot money’’ may create severe problems for home countries since they may outflow suddenly for varied reasons. In conclusion, it can be said that in order to acquire a sustainable economic development and growth; some control mechanisms should be applied for foreign short term capital flows and internal resources and foreign direct investments should be encouraged.

Amaç- Bu çalışmanın amacı, özellikle az gelişmiş ya da gelişmekte olan ülkelere yatırım yapan sermaye akımlarının kesintiye uğramasının nedenlerini sorgulamak ve aynı zamanda sermaye kontrollerinin etkili olup olmadığı konusunu irdelemektir.

Metodoloji- Bu çalışmada, teorik olarak yabancı sermaye akımlarının girdiği ülkelerde yol açtığı temel değişiklikler, kaçmasına sebep olan başlıca unsurlar ve sermaye kontrol mekanizmalarının etkinliği literatür taraması temel alınarak irdelenmektedir.

Bulgular- Kısa vadeli sermayenin temel makroekonomik göstergeler üzerindeki olası olumsuz etkilerini bertaraf etmek için, başlangıç noktasında sermaye kontrol mekanizmalarına ihtiyaç olduğu gözlenmektedir.

Sonuç ve Öneriler- Günümüzde ülkeler arasında artan yoğun sermaye hareketleri, mevcut ekonomi teori ve politikalarının da tartışılmasına sebep olmuştur. Başta ‘’sıcak para’’ olarak adlandırılan kısa vadeli sermaye akımlarının ülkelere yatırım yapıp, koşullar değişince ani bir şekilde kaçması birçok problemin doğmasına yol açmıştır. Sonuç olarak; sürdürülebilir bir ekonomik kalkınma ve büyümenin temin edilebilmesi için, kısa vadeli yabancı kaynaklara yönelik olarak bazı kontrol mekanizmalarının uygulanması ve iç kaynaklar ile doğrudan yabancı sermayenin teşvik edilmesi gerektiği söylenebilir.

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Primary Language en
Subjects Social
Journal Section Articles
Authors

Orcid: 0000-0002-2840-4379
Author: Meliha Burcu Kines (Primary Author)

Dates

Publication Date: December 30, 2018

Bibtex @research article { jefa506062, journal = {Journal of Economics Finance and Accounting}, issn = {}, eissn = {2148-6697}, address = {PressAcademia}, year = {2018}, volume = {5}, pages = {395 - 403}, doi = {10.17261/Pressacademia.2018.1006}, title = {CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS}, key = {cite}, author = {Kines, Meliha Burcu} }
APA Kines, M . (2018). CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS. Journal of Economics Finance and Accounting, 5 (4), 395-403. DOI: 10.17261/Pressacademia.2018.1006
MLA Kines, M . "CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS". Journal of Economics Finance and Accounting 5 (2018): 395-403 <http://dergipark.org.tr/jefa/issue/42046/506062>
Chicago Kines, M . "CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS". Journal of Economics Finance and Accounting 5 (2018): 395-403
RIS TY - JOUR T1 - CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS AU - Meliha Burcu Kines Y1 - 2018 PY - 2018 N1 - doi: 10.17261/Pressacademia.2018.1006 DO - 10.17261/Pressacademia.2018.1006 T2 - Journal of Economics Finance and Accounting JF - Journal JO - JOR SP - 395 EP - 403 VL - 5 IS - 4 SN - -2148-6697 M3 - doi: 10.17261/Pressacademia.2018.1006 UR - https://doi.org/10.17261/Pressacademia.2018.1006 Y2 - 2019 ER -
EndNote %0 Journal of Economics Finance and Accounting CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS %A Meliha Burcu Kines %T CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS %D 2018 %J Journal of Economics Finance and Accounting %P -2148-6697 %V 5 %N 4 %R doi: 10.17261/Pressacademia.2018.1006 %U 10.17261/Pressacademia.2018.1006
ISNAD Kines, Meliha Burcu . "CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS". Journal of Economics Finance and Accounting 5 / 4 (December 2019): 395-403. https://doi.org/10.17261/Pressacademia.2018.1006
AMA Kines M . CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS. JEFA. 2018; 5(4): 395-403.
Vancouver Kines M . CAPITAL FLOWS AND THE EFFICIENCY OF CONTROL MECHANISMS. Journal of Economics Finance and Accounting. 2018; 5(4): 403-395.