Financial Reforms Stabilization And Development In 21st Century Turkey
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Financial Reforms Stabilization And Development In 21st Century Turkey
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Author : Haluk Haksal
language : en
Publisher: Vernon Press
Release Date : 2019-03-28
Financial Reforms Stabilization And Development In 21st Century Turkey written by Haluk Haksal and has been published by Vernon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-28 with Business & Economics categories.
The central argument of this book is that while central bank independence can contribute to stabilization, inflation-targeting monetary policy is quite powerless in promoting economic development. The basic message is simple: Policy makers should not strive to achieve price stability at any cost, as stability in product markets does not necessarily translate into economic development. The recent experience of Turkey is illuminating and other developing countries, in particular those using inflation targeting monetary policy framework, can draw useful lessons from this experience. Early chapters summarize the deregulation process from 1980 to 2001. The Turkish Central Bank is placed at the center of the analysis as monetary policies have a significant impact both on stability and development. Although the 1994 and 2001 financial crises have been extensively studied elsewhere, they are nevertheless summarized to underscore the importance of central bank independence. Later chapters investigate the impact of an independent central bank on stabilization and development from 2001 onwards. Upon visiting the Turkish Central Bank's website, readers are greeted with the following statement: "The primary objective of the Bank is to achieve and maintain price stability." By the end of this book the reader should be able to assess the relative merits of a monetary policy that focuses on price stability, versus an alternative where price stability is accompanied by other objectives targeting development, for instance, monitoring also unemployment rates, which would undermine its independence to some degree. The study aims to provide a perspective on the need for such an alternative in line also with the vision of some international agencies on development, such as the UNCTAD and the ILO. This is the first book-length study examining the financial reforms Turkey undertook in its path towards EU accession. This unique work will be of interest to economists and other experts in financial history, (de)regulation, institutional economics and economic development, as well as a broad range of scholars interested in the dramatic transformation of Turkey's economy and society in the 21st century.
Economic History Of A Divided Europe
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Author : Ivan T. Berend
language : en
Publisher: Routledge
Release Date : 2020-02-28
Economic History Of A Divided Europe written by Ivan T. Berend and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-28 with Business & Economics categories.
This book presents the sharp regional diff erences within the integrating European continent. Four regions – Northwestern Europe, Southern Europe, Central Europe, and Eastern-Southeastern Europe – represent high, medium, and relatively less-developed levels of economic advancement. These disparities have emerged as a result of historical diff erences that produced and reinforced cultural and behavioral diff erences. The author examines the distinctions between the regions, looks at how these differences transpired and became so retrenched, and answers the question of why some countries were able to elevate to higher levels of economic development while others could not. This book is unique in that it provides a timely historical analysis of the main causes of the most pressing conflicts in Europe today. Readers will come away from this book with a deeper understanding of the sharp divergence in economic standing between the four different regions of Europe, as well as knowledge about how institutional corruption and other cultural features exacerbated these variations. The book also offers a better understanding of major European Union confl icts between member countries and between member and nonmember countries, as well as the rise of autocratic regimes in certain countries. The book begins with a short history of European integration throughout European civilization and then goes on to discuss the modern reality of integration and attempts to homogenize the Continent that divided into four different macro-regions. It will primarily appeal to scholars, researchers and students studying Europe from various fi elds, including economics, business, history, political science, and sociology, as well as a general readership interested in Europe’s past, present, and future.
Financial Reforms Stabilization And Development In 21st Century Turkey
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Author : Haluk Haksal
language : en
Publisher: Vernon Press
Release Date : 2017-10-22
Financial Reforms Stabilization And Development In 21st Century Turkey written by Haluk Haksal and has been published by Vernon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-22 with categories.
"This book addresses the following problem: How a developing country needs to conduct the transition to a free market economy with particular focus on financial market reforms. Additionally, it provides a basis for explaining potential divergence from desired outcomes. We present and analyze the case of Turkey. We explore the roots of Turkey's traditionally unstable economic performance, which we have identified as being linked to weak institutions and politically-led economic management. The Turkish case shows that though internationally accredited development policies are useful guidelines for policymakers, they constitute only an initial phase of an effective transition to be completed through a domestic commitment to achieve a de-politicized and a development-oriented institutional framework. The book not only explores the complex relationship between economic instability and structural reforms in an emerging economy, but it also investigates why the international development policies proposed to developing countries have not always been successful. It is a story of how institutions developed in one part of the world become adopted and adapted in other parts of the world, each time with tensions and difficulties. It is an on-going story of global inter-cultural institutional migration of gradually sorting out best practices, adopting norms and standards in a gradual process of trial and error. This book tells the story and analyses the role that Turkey has played in this process from 1980 onwards (with some flashbacks to earlier times when appropriate) with special reference to the premature deregulation of its financial markets. It thus examines the financial reforms undertaken by Turkey as it moved towards EU membership, with particular focus on central bank monetary policies. A book length study examining the reforms Turkey undertook in the financial area during this period does not exist. We have used country risk scores published by independent rating agencies and other metrics in the post-institutional reform period, which we believe constitute acceptable measures of the degree to which institutional reform has been successful or not."
Greece And Turkey In The 21st Century
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Author : Chrēstos G. Kollias
language : en
Publisher: Nova Publishers
Release Date : 2003
Greece And Turkey In The 21st Century written by Chrēstos G. Kollias and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
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State Reform And Development In The Middle East
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Author : Amr Adly
language : en
Publisher: Routledge
Release Date : 2013
State Reform And Development In The Middle East written by Amr Adly and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
The economies of Turkey and Egypt, remarkably similar until the early 1980s, have since taken divergent paths. Turkey has successfully implemented a policy of export led industrialisation whilst Egypt’s manufacturing industry and exports have stagnated. In this book, Amr Adly uses extensive primary research to present detailed comparisons of Turkey’s and Egypt’s state administrative and private sector capacities and links between the two. The conclusion the author draws is that the external contexts for both were so alike that this cannot account for their diverging paths. Instead, the author suggests a counterintuitive yet compelling explanation; that a democratic polity is far more likely than an authoritarian one to engender a successful developmental state. Emerging in the wake of the January revolution in Egypt, when hopes for democratisation were raised, this book provides a fresh perspective on the topical subject of state reform and development in the Middle East and will be of interest to students and scholar alike.
World Bank Research Program
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Author : World Bank
language : en
Publisher:
Release Date : 1999
World Bank Research Program written by World Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Economic assistance categories.
The Routledge Handbook Of Modern Turkey
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Author : Metin Heper
language : en
Publisher: Routledge
Release Date : 2013-05-07
The Routledge Handbook Of Modern Turkey written by Metin Heper and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-07 with History categories.
In recent years, there has been growing interest in Turkey, stemming from the country’s developing role in regional and global politics, its expanding economic strength, and its identity as a predominantly Muslim country with secular political institutions and democratic processes. This Handbook provides a comprehensive and wide-ranging profile of modern Turkey. Bringing together original contributions from leading scholars with a wide range of backgrounds, this important reference work gives a unique in-depth survey of Turkish affairs, past and present. Thematically organised sections cover: Turkish history from the early Ottoman period to the present Turkish culture Politics and international relations Social issues Geography The Turkish economy and economics Presenting diverse and often competing views on all aspects of Turkish history, politics, society, culture, geography, and economics, this handbook will be an essential reference tool for students and scholars of Middle East studies, comparative politics, and culture and society.
State Business Alliances And Economic Development
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Author : Işık Özel
language : en
Publisher: Routledge
Release Date : 2014-08-07
State Business Alliances And Economic Development written by Işık Özel and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-07 with Social Science categories.
This book argues that a key dynamic behind economic development in the emerging markets is the coordination between the state and businesses. Exploring the links between institutions, state--business alliances and economic development in the context of tumultuous market transitions since the 1980s, the book tackles the formation and sustainability of coordination-inducing institutions besides their mere existence, and points out the new modalities of coordination in the age of new developmentalism. Based on extensive original research in Turkey and Mexico embedded in a comparative historical analysis, the book shows how state--business alliances have been formed, collapsed and re-formed between the respective states and shifting business actors since the launching of market transitions. It demonstrates how both the state and business actors, and their cohesiveness vs. fragmentation, play crucial roles in the making and sustainability of the institutions, which are central to state--business alliances. It explores the emergence of new actors, the diversification of the organizational landscape, and the evolution of the ways in which the states interact with businesses throughout major economic and political transformations that helped transform the respective states and their interactions with the non-state actors. It draws on the meandering developmental trajectories of Turkey and Mexico from the 1970s to the present and goes on to draw some lessons for institution-building and market reforms in selected countries in North Africa.
Europeanization And The Southern Periphery
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Author : Kevin Featherstone
language : en
Publisher: Routledge
Release Date : 2014-05-12
Europeanization And The Southern Periphery written by Kevin Featherstone and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-12 with Political Science categories.
Europeanization" is a term increasingly used in the social sciences to descibe the impact, convergence or response of politicians and institutions in relation to the European Union. This volume explores the concept in a variety of different settings in order to clarify its meaning.
Turkey S Place In Europe
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Author : Erol Manisalı
language : en
Publisher:
Release Date : 1988
Turkey S Place In Europe written by Erol Manisalı and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Europe categories.