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Foreign Currency Balance Sheets in Türkiye: Exposure and Interconnectedness / Alex Pienkowski.
- Format:
- Book
- Government document
- Author/Creator:
- Pienkowski, Alex.
- Series:
- IMF Working Papers; Working Paper ; No. 2023/132
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (15 pages)
- Other Title:
- Foreign Currency Balance Sheets in Turkiye
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2023.
- Summary:
- As a heavily “dollarized” economy, large foreign currency mismatches exist between institutional sectors within Türkiye, as well as with non-residents. Combining several separate data sources, this working paper builds a picture of the aggregate FX exposure of the total economy. It explores the interlinkages between sectors and how they have evolved in recent years. Since the start of the pandemic, the overall net FX position of the economy deteriorated, and there has also been a considerable shift in FX risk from the private to the public sector. Especially for the central bank, this shift constrains policy space.
- Notes:
- Description based on print version record.
- ISBN:
- 9798400246487
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