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

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  • Jean-Claude Vérez

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.

Suggested Citation

  • Jean-Claude Vérez, 2003. "Le cercle vicieux des crises bancaire, monétaire et financière en Turquie," Revue Tiers Monde, Programme National Persée, vol. 44(175), pages 683-706.
    • Handle: RePEc:prs:rtiers:tiers_1293-8882_2003_num_44_175_5414
    DOI: 10.3406/tiers.2003.5414
    Note: DOI:10.3406/tiers.2003.5414
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    References listed on IDEAS

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    2. Alberto Gabriele & Korkut Baratav & Ashok Parikh, 2000. "Instability and Volatility of Capital Flows to Developing Countries," The World Economy, Wiley Blackwell, vol. 23(8), pages 1031-1056, August.
    3. Jean-Marc Fontaine & Mario Lanzarotti, 2001. "Le néo-structuralisme De la critique du Consensus de Washington à l'émergence d'un nouveau paradigme," Mondes en développement, De Boeck Université, vol. 0(1), pages 47-62.
    4. Ms. Enrica Detragiache & Asli Demirgüç-Kunt, 1998. "Financial Liberalization and Financial Fragility," IMF Working Papers 1998/083, International Monetary Fund.
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