Durmas Yilmaz, the governor of the Central Bank of Turkey, last month said the growing risk appetite in financial markets and positive bias towards riskier assets had helped Turkey's rapid recovery.

According to Yilmaz, Turkey has recently experienced a large increase in capital inflows and has exhibited a more favorable performance compared to that of other emerging market economies, especially since the height of the crisis during the final part of 2008. "This development not only implies the