IDEAS home Printed from https://ideas.repec.org/a/taf/jpolrf/v3y2000i4p327-352.html
   My bibliography  Save this article

The 1994 currency crisis in Turkey

Author

Listed:
  • Fatih Ozatay

Abstract

This paper analyzes the 1994 crisis in Turkey. The period preceding the crisis witnessed a continuous deterioration of macroeconomic fundamentals. However, domestic debt financing of public deficits prevented reserve losses and an increase in inflation rate. It is argued that despite weak fundamentals of the period preceding the crisis, in the absence of policy “mistakes” that played a role of a series of shocks in the second half of 1993, the financial crisis could have been avoided.

Suggested Citation

  • Fatih Ozatay, 2000. "The 1994 currency crisis in Turkey," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 3(4), pages 327-352.
  • Handle: RePEc:taf:jpolrf:v:3:y:2000:i:4:p:327-352
    DOI: 10.1080/13841280008523409
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/13841280008523409
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Berument, Hakan, 2007. "Measuring monetary policy for a small open economy: Turkey," Journal of Macroeconomics, Elsevier, vol. 29(2), pages 411-430, June.
    2. ISMIHAN Mustafa & METIN-OZCAN Kivilcim & TANSEL Aysit, "undated". "Macroeconomic Instability, Capital Accumulation and Growth: The Case of Turkey 1963-1999," EcoMod2003 330700071, EcoMod.
    3. Yilmazkuday, Hakan & Akay, Koray, 2008. "An analysis of regime shifts in the Turkish economy," Economic Modelling, Elsevier, vol. 25(5), pages 885-898, September.
    4. Ignacio Lozano, 2009. "Budget Deficit, Money Growth and Inflation: Evidence from the Colombian case," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, vol. 0(1), pages 65-95, January-J.
    5. K. Azim Ozdemir & Paul Turner, 2005. "The Demand for Base Money in Turkey : Implications for Inflation and Seigniorage," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 5(1), pages 1-8.
    6. Ari, Ali, 2012. "Early warning systems for currency crises: The Turkish case," Economic Systems, Elsevier, vol. 36(3), pages 391-410.
    7. Ari, Ali, 2008. "An Early Warning Signals Approach for Currency Crises: The Turkish Case," MPRA Paper 25858, University Library of Munich, Germany, revised 2009.

    More about this item

    Keywords

    Currency crises; domestic debt financing;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jpolrf:v:3:y:2000:i:4:p:327-352. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/GPRE19 .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.