Chronicle of the Turkish financial crises of 2000-2001

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Rijckeghem, Caroline Van and Üçer, Murat (2005) Chronicle of the Turkish financial crises of 2000-2001. Boğaziçi Üniversitesi , İstanbul. ISBN 9756193077

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The Turkish crisis of November 2000, while not entirely unexpected, caught the world by surprise. It was only 10 months into an IMF supported disinflation program, which was working generally well despite several shortcomings, and the political backing for the program was stronger than anything Turkey could hope for. But the crisis hit violently, with interest rates breaking world records, and much earlier than experienced in other “exchange rate-based” stabilization programs. The crises cost Turkey the most severe contraction of its modern history since the 1940s.

Item Type:Book
Subjects:H Social Sciences > HG Finance
ID Code:1056
Deposited By:Caroline Van Rijckeghem
Deposited On:11 Sep 2006 03:00
Last Modified:28 Dec 2018 10:48

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