Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81720
Authors: 
Gormez, Yuksel
Yilmaz, Gokhan
Year of Publication: 
2007
Series/Report no.: 
Discussion Paper, Turkish Economic Association 2008/14
Abstract: 
The objective of this study is to analyze current and likely future impacts of the issuance of New Turkish lira (YTL) denominated borrowing instruments by many global financial institutions around the major financial centres. These bonds are strong source of evidence for international confidence on stabilization efforts in Turkey and they are an indicator of bilateral acceptance of the de facto convertibility of YTL. They may also create an opportunity for the Turkish economy to mitigate negative effects of the original sin
Subjects: 
Original sin
De facto convertibility
De jure convertibility
New Turkish lira borrowing instruments
Global New Turkish lira issuances
JEL: 
E4
E5
E6
G1
Document Type: 
Working Paper

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