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The Budget Policy Implemented in Turkey in Scope of Medium Policy Documents after 2008 Crisis

Author

Listed:
  • C. Berna Kocaman

    (Ankara University, Turkey)

  • N. Selcen Hancer

    (Ministry of Treasury and Finance, Turkey)

Abstract

It is a fact that economic history of capitalism is full of crises which are quite different from each other. While some of them are only financial crises, the others are twin crises consisting of both financial and banking crises. The last and most destructive crisis of neoliberalism erupted in 2008 which had a devastating impact on both central and surrounding countries. Globalization was an important factor that made this crisis spread fastly around the world. Turkey was one of those economies that was influenced by the global crisis but the impacts of crisis had not been much destructive for Turkey. Especially tight fiscal policy and banking sector regulations were two of the important factors in this situation. This article will focus on the budget policy, which is one of the main pillars of financial policy for Turkey after the 2008 crisis through medium term policy documents.

Suggested Citation

  • C. Berna Kocaman & N. Selcen Hancer, 2019. "The Budget Policy Implemented in Turkey in Scope of Medium Policy Documents after 2008 Crisis," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 7(4), pages 32-49.
    • Handle: RePEc:ejn:ejefjr:v:7:y:2019:i:4:p:32-49
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