The Effects of the European Debt Crisis on the Economic Future of Turkey. A Country Study

Richard J. Hunter () and Mehmet Kilic
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Richard J. Hunter: Seton Hall University
Mehmet Kilic: Seton Hall University

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2013, vol. 3, issue 1, 195-209

Abstract: This article will discuss a simple question: How has Turkey be affected by the European Debt Crisis? The article will discuss general economic conditions in Turkey and provide important economic indicators, describe the history of Turkey’s involvement with the European Union, and relate how Turkey avoided the worst negatives of the European crisis. The article argues that Turkish domestic demand has been the driving force behind Turkey’s economic growth, and describes the important role of Turkey’s Central Bank. The article concludes by discussing the relationship between the IMF and Turkey and the necessary structural reforms required for transforming the economy of Turkey, and the main strengths and weakness in the Turkish economy.

Keywords: Turkish economy; European crisis; domestic demand; Central Bank (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:3:y:2013:i:1:p:195-209

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