A Tale of Two Crises: Turkey of the Early Aughts and Today’s Lebanon

Sumru Altug and Leila Dagher ()

MPRA Paper from University Library of Munich, Germany

Abstract: Crises in emerging economies often involve capital flow reversals, devaluations, and large drops in real activity, and are typically caused by unsustainable fiscal positions, financial sector fragility, and political instability. All these factors were present in the crises endured by Turkey and Lebanon, albeit with a 20-year difference.

Keywords: lebanon; turkey; imf; economic crisis (search for similar items in EconPapers)
JEL-codes: H12 P51 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ara
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/117600/1/altug_dagher_final2.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117600

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().