Global Financial Crisis and Turkey: Effects and Suggestions
A global financial crisis hit the world in late 2008. It has become clear that this financial crisis will have a deep impact on countries’ trade volumes and investment plans. When the crisis has started on the financial markets, it affected developed countries as much as developing ones. Since the beginning of September 2008, it has been deepening in USA, while spreading out to the world. Turkey is one of the countries affected from this global economic crisis. Turkey had became dependant on capital accumulation movements after 1990s. Growth with capital accumulation movements constituted a relationship between capital movements and balance of payment. Growth related to short run capital movements provided money from money instead of production. So it affects investments negatively and this makes a negative effect on growth in long run period. The clearest effect of global crisis on Turkey is unemployment and inflation. Although it is very difficult for Turkey to put these two in order, in the last years they have been decreasing through policies, but with this global crisis they have increased again.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): (2010)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: |
Phone: (+359 2) 810 40 18
Fax: (+359 2) 988 21 08
Web page: http://www.iki.bas.bg
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Obstfeld, Maurice & Obstfeld, Maurice, 1996.
"Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification,"
Center for International and Development Economics Research, Working Paper Series
qt5n37z46f, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, Maurice, 1996. "Intertemporal price speculation and the optimal current-account deficit: reply and clarification," Journal of International Money and Finance, Elsevier, vol. 15(1), pages 141-147, February.
- Maurice Obstfeld., 1996. "Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification," Center for International and Development Economics Research (CIDER) Working Papers C96-063, University of California at Berkeley.
- Ercan UYGUR, 1994. "Türkiye''de Ekonomik Kriz, Oluşumu, Seyri," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 9(100), pages 42-54.
When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2010:i:1:p:101-117. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.