Reminding Turkish Deputy Prime Minister Ali Babacan's remarks that government would not impose tax on money inflow into the country, Toguc said current account deficit would continue to be funded by the hot money
in the short-term.
dollar, hot money
may return to attack Asian currencies.
com include the Fat Fund Index, Family Advantage Index, and Hot Money
The country's dependence on hot money
flows into the stock market for financing the CAD sends the rupee into a tailspin as these funds can be withdrawn at short notice.
In mid-March, the People's Bank of China announced that the daily movement in the yuan/dollar rate would be increased from plus or minus 1 percent to plus or minus 2 percent to further dampen the enthusiasm of hot money
Even a current account surplus/oil and gas exporters are not immune to the chill from the emerging markets hot money
Death, jealousy, and hot money
pepper this exciting and suspenseful novel, in which shifty humans may have as short a life expectancy as the racehorses they back
Emerging markets themselves, to a great extent, are responsible for the mess they are in now by over-depending on hot money
inflows to boost growth at the expense of structural reforms.
For Turkey I guess this should be taken as a warning for Basci et al, that they have to reduce the current account deficit, narrow the external financing requirement and reduce dependency on hot money
inflows - if they don't then when tapering actually comes they will be brutally exposed.
Firms know that as long as the hot money
can reach mainland banks through Hong Kong, they can expect risk-free yields of more than 2 percent.
FINANCIAL DICTIONARY: HOT MONEY HOT money
is an extremely short-term investment made by a lot of people simultaneously, usually in response to a big economic or political event.
Markets hate hot money
as it creates volatility which may put off the more valuable longterm investors.