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The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…
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DOI: 10.1108/OXAN-DB279817
ISSN: 2633-304X
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Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…
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DOI: 10.1108/OXAN-DB254266
ISSN: 2633-304X
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As state-owned banks apparently intervene to support the lira, the Treasury and Finance Ministry has proposed issuing domestic bonds with yields linked to the revenues of state…
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DOI: 10.1108/OXAN-DB270779
ISSN: 2633-304X
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The Eleventh Development Plan for 2019-23.
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DOI: 10.1108/OXAN-DB230033
ISSN: 2633-304X
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Prospects for Turkey in 2022.
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DOI: 10.1108/OXAN-DB265520
ISSN: 2633-304X
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Prospects for Turkey in 2023.
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DOI: 10.1108/OXAN-DB274062
ISSN: 2633-304X
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Plunging oil and gas revenue have created a dauntingly large budget deficit and the rapid erosion of foreign exchange reserves. To deal with the situation, the government on July…
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DOI: 10.1108/OXAN-DB202775
ISSN: 2633-304X
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The dramatic fall in the lira is turning a currency crisis into a full-blown debt and liquidity crisis. President Recep Tayyip Erdogan is taking an increasingly defiant stand…
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DOI: 10.1108/OXAN-DB236807
ISSN: 2633-304X
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The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…
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DOI: 10.1108/OXAN-DB266151
ISSN: 2633-304X
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A score below 100 indicates a pessimistic outlook -- the index has not exceeded 100 since March 2018. Increasingly frequent and heavy-handed interventions by the Turkish Central…