It is widely held in the public policy and political economy literatures that the Turkish state is
weak and cannot adopt a proactive approach in the financial services industry by steering …

This article examines the political economy of central banking in Turkey in the aftermath of
the global financial crisis. The macroprudential turn led by the Turkish central bank not only …

We tend to overlook the linkages between how policy coordination within bureaucracy is
achieved and the nontrivial implications of policy coordination for business power over the …

In the aftermath of the Global Financial Crisis (GFC),'financial stability'emerged as one of the
key pillars of economic policy-making and as a new mandate for central banks. In spite of …

Public administration, public policy, and political economy literatures are increasingly
preoccupied with the role of agency in policy and institutional change, and the effects of …

This brief country case study on Turkey aims to summarize the fundamental developments in
the banking sector, which represents almost 90 percent of the financial sector in the country …

This article analyzes the Turkish central bank's “managed uncertainty” policy after the global
financial crisis. During 2010–14, the central bank intentionally generated uncertainty around …

The predominant role of cross border financial flows for macroeconomic and financial
stability has imposed complex policy trade-offs for emerging economies, especially after the …

Turkey's economic turmoil of today is reminiscent of an earlier era, during which instability,
high inflation, and financial mismanagement ruled the day. Yet until recently, Turkey was …

The global financial crisis have led to a reassessment of macroeconomic policy formulation
across the globe. As a consequence, countries have expanded their policy toolkits with …