Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/200182 
Year of Publication: 
2019
Series/Report no.: 
Working Paper No. 120/2019
Publisher: 
Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE), Berlin
Abstract: 
Turkish economic growth depends on capital inflows and access to cheap credit sources. Once the global financial conditions tightened in 2018, Turkey was among the emerging markets that suffered the most. This article analyses the making of Turkey's economic crisis in 2018-2019, while elaborating the phases of Turkish financialisation. It locates the slow-motion drift of Turkish economy within the context of dependent financialisation and argues that a long-term account is needed to grasp the economic turmoil of recent years.
Subjects: 
Turkey
Dependent Financialisation
Economic Crises
Crisis Management
JEL: 
E44
E52
E6
F31
G01
Document Type: 
Working Paper

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