Abstract
Hedge funds are active investment funds that operate globally and employ a range of aggressive investment strategies generally not used by mutual funds. Although they are well-known by providing high returns to their investors, they are also accused of being the trigger for many financial crises, especially the Asian crisis. In this article, we provide an introduction to these mysterious funds from different angles, and we make policy and strategy recommendations on how to best deal with these funds from a financial stability viewpoint. By bringing a different perspective to the crises experienced in our country during the 1990s and 2000s, we also shed a light on the debate whether these funds are a threat or opportunity for Turkish financial markets.
Original language | Other |
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Pages (from-to) | 25-42 |
Number of pages | 17 |
Journal | Finans Politik ve Ekonomik Yorumlar |
Volume | 42 |
Publication status | Published - 2005 |
Keywords
- hedge funds
- global investment funds
- international capital flows
- hot money
- financial crisis
- uluslararası yatırım fonları
- uluslararası sermaye akımları
- sıcak para
- finansal kriz
ASJC Scopus subject areas
- Finance