Türkiye'de Cari İşlemler Açığının Sürdürülebilirliği: Doğrusal Olmayan Bir Yaklaşım

Abstract

Rapid increase in the current account deficit has brought forward the issue of harmonyin the external balance of economy again. In May, the current account deficit of 12months has exceeded 68 billion dollars. At the end of the year, the ratio of currentaccount deficit to gross domestic product (GDP) is expected to reach %9. If it is takeninto consideration that the current account deficit has given out high deficits before allmonetary crises in our country, it is only natural that such a high ratio has fuelleddiscussions of sustainability again. However, it has been observed recently that highcurrent account deficits in various countries – such as Australia – could be sustainedwithout any requirement of an intervention.