EconPapers    
Economics at your fingertips  
 

The Recent History of Financial Crises in Turkey

Ali Ari () and Raif Cergibozan
Additional contact information
Raif Cergibozan: Department of Economics, Kirklareli University, Kirklareli – Turkey

The Journal of European Theoretical and Applied Studies, 2014, vol. 2, issue 1, 31-46

Abstract: The Turkish economy encountered several financial and economic crises since its foundation in 1923. However, the frequency of these crises has sharply increased in the aftermath of the liberalization policies implemented through 1980s as illustrated by the 1994, 1998-99, 2000-01, 2006, 2008-09 financial crises. In this paper, we aim to assess the causes and consequences of these crises from a comparative perspective. According to our descriptive analysis, the financial crises occurred in 1990s mostly result from domestic macroeconomic imbalances and banking sector weaknesses that are exacerbated by volatile capital in- and outflows; while the financial crises through 2000s are mostly related to external economic and financial problems.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://thejetas.org/img/18915399.pdf Website of the journal issue (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:kir:journl:v:2:y:2014:i:1:p:31-46

Access Statistics for this article

More articles in The Journal of European Theoretical and Applied Studies from The Center for European Studies at Kirklareli University - Turkey Contact information at EDIRC.
Bibliographic data for series maintained by Caner Demir ( this e-mail address is bad, please contact ).

 
Page updated 2022-07-02
Handle: RePEc:kir:journl:v:2:y:2014:i:1:p:31-46