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Turkey

In: Financial Reform in Developing Countries

Author

Listed:
  • Erol M. Balkan
  • A. Erinc Yeldan

Abstract

Integration of the developing national economies into the evolving world financial system has been achieved by a series of policies aimed at liberalizing their financial sectors. The motive behind liberalization was to restore growth and stability by raising savings and improving economic efficiency. A major consequence, however, has been the exposure of these economies to short-term capital movements, which have increased financial instability and caused a series of financial crises in the developing countries.

Suggested Citation

  • Erol M. Balkan & A. Erinc Yeldan, 1998. "Turkey," Palgrave Macmillan Books, in: José M. Fanelli & Rohinton Medhora (ed.), Financial Reform in Developing Countries, chapter 5, pages 129-155, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-26871-9_5
    DOI: 10.1007/978-1-349-26871-9_5
    as

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