Turkey's Improving Integration with the Global Capital Market: Impacts on Risk Premia and Capital Costs

Organisation for Economic Co-operation and Development2026-04-11 收录

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Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs. This has had broad effects on capital supply conditions in the entire economy. Real interest rates have declined, and funds of lengthened maturity are becoming...