Turkey

Erol M. Balkan and Erinc Yeldan

Chapter 5 in Financial Reform in Developing Countries, 1998, pp 129-155 from Palgrave Macmillan

Abstract: Abstract Integration of the developing national economies into the evolving world financial system has been achieved by a series of policies aimed at liberalizing their financial sectors. The motive behind liberalization was to restore growth and stability by raising savings and improving economic efficiency. A major consequence, however, has been the exposure of these economies to short-term capital movements, which have increased financial instability and caused a series of financial crises in the developing countries.

Keywords: Central Bank; Banking Sector; Domestic Economy; Current Account Balance; Financial Liberalization (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26871-9_5

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DOI: 10.1007/978-1-349-26871-9_5

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