Financial Reform in Turkey since 1980: Liberalization without Stabilization

P. N. Snowden

Chapter 4 in The Economy of Turkey since Liberalization, 1996, pp 67-87 from Palgrave Macmillan

Abstract: Abstract Bank time deposit interest rates in Turkey were first deregulated in July 1980 as part of an overall programme of economic liberalization. Although early difficulties led to the reintroduction of controls in 1982, the Central Bank usually set deposit rates above the rate of inflation after 1984 (when non-preferential loan rates were also liberalized). The reintroduction of deposit rate competition in the late 1980s subsequently stimulated intense competition in the Turkish financial sector as commercial banks sought to secure funds.

Keywords: Interest Rate; Budget Deficit; Nominal Interest Rate; Government Debt; Loan Loss (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-24464-5_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349244645

DOI: 10.1007/978-1-349-24464-5_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().