Crises in Turkish Economy, Economic Fragility and Structural Reforms

Tunahan Yesilcicek () and Mustafa Karabacak ()
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Tunahan Yesilcicek: Usak University
Mustafa Karabacak: Usak University

Economics Literature, 2020, vol. 2, issue 2, 122-145

Abstract: Today, globalization has gained a different dimension, and with the increase of financial liberalization, internal economic turmoil has become to affect all economies regardless of geographical boundaries. This situation causes economies to remain vulnerable to external shocks and to be dragged into crises. The fact that economies were dragged into crisis due to internal and external shocks and could not recover in a short time brought the concept of fragility to the agenda. This study highlights the relationship between the crisis and the fragility, examines the Turkish economy's crisis and its fragile structure that led to the crisis, then assesses the structural reforms needed to improve its resilience.

Keywords: Economic Fragility; The Fragile Five; Economic Crises; Structural Reforms (search for similar items in EconPapers)
JEL-codes: A10 F32 G01 G18 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ana:elitjr:v:2:y:2020:i:2:p:122-145

DOI: 10.22440/elit.2.2.2

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