Trade Finance In Turkey – Nuray Terzi, Sadullah Çelik – Türkmen Kitabevi

This book is focusing on the concept of trade finance with special emphasis on capital flows for the emerging market of Turkey in such a period of defined by volatility and full of dilemmas. The motivation is to provide a thorough analysis on trade finance in Turkey by taking into account two strands of literature that are emerging as the most powerful out of this turmoil period: measurement errors and unconventional econometric tools. After a brief introduction of the Turkish experience, the rather unconventional but superior methodology of continuous wavelet transform (with three sub methods) is employed to a data set which gives us a reality check on the position of Turkish trade finance and capital flows.