Financial Liberalization Era in Turkey: Critique on Decree No.32

Abstract: “Financial Liberalization” winds had blown for 1980s’ Turkey, affected from developed nations, resulted from the efforts of keeping in step with world trend, and hence the law that had been put into practice in 1989, “decree no.32”, had not only affected its era, also had left countless problems in the site of country’s destiny. In the present paper, after exposing the existing political and economic circumstances in the last quarter of 20th century, the dynamics lying under the “decree no.32” are examined, pre- and post-decree situation are compared quantitatively, after then, whether “decree no.32” had an impact on the foreign exchange crisis exploded in 1994 is exposed.

JEL-codes: E44 E65 F40 G28 N20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin and nep-mac
Date: Written 2005-06-27
Note: Type of Document - pdf; pages: 59
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