Le cercle vicieux des crises bancaire, monétaire et financière en Turquie

Jean-Claude Vérez

Revue Tiers Monde, 2003, vol. 44, issue 175, 683-706

Abstract: [eng] Jean-Claude Vérez — The vicious circle of banking, monetary and financial crises in Turkey . Turkey suffered a serious economic crisis in 2001. The national income fell by 10 % ; the number of the unemployed grew by a million, the exchange rate has been falling regularly and inflation remains very high. The causes are of banking, monetary and financial nature. While the financial liberalization of the 90s affecting the region since the gulf war may contribute to the explanation, the main reasons are structural. So while Turkey's candidature for the membership in the European Union is accepted, the current situation remains full of incertitude.

Date: 2003
Note: DOI:10.3406/tiers.2003.5414
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