“Financial Liberalization” winds had blown for 1980s’ Turkey, affected from developed nations, resulted from the efforts of keeping in step with world trend, and hence the law that had been put into practice in 1989, “decree no.32”, had not only affected its era, also had left countless problems in the site of country’s destiny. In the present paper, after exposing the existing political and economic circumstances in the last quarter of 20th century, the dynamics lying under the “decree no.32” are examined, pre- and post-decree situation are compared quantitatively, after then, whether “decree no.32” had an impact on the foreign exchange crisis exploded in 1994 is exposed.
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Paper provided by EconWPA in its series Macroeconomics with number
0506016.
Length: 59 pages Date of creation: 27 Jun 2005 Date of revision: Handle: RePEc:wpa:wuwpma:0506016
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