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It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…
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DOI: 10.1108/OXAN-DB238519
ISSN: 2633-304X
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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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The Joint Policies Agreement (JPA) issued by the NA in January promises to end President Recep Tayyip Erdogan’s unorthodox monetary policies that have worried international…
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DOI: 10.1108/OXAN-DB277929
ISSN: 2633-304X
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Moves to shore up the PPP infrastructure programme.
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DOI: 10.1108/OXAN-DB218127
ISSN: 2633-304X
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Prospects for Turkey to end-2017.
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DOI: 10.1108/OXAN-DB221613
ISSN: 2633-304X
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Prospects for Turkey in 2017.
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DOI: 10.1108/OXAN-DB215974
ISSN: 2633-304X
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The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…
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DOI: 10.1108/OXAN-DB242769
ISSN: 2633-304X
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Turkey’s economic bounce-back.
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DOI: 10.1108/OXAN-DB251192
ISSN: 2633-304X
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The draft foresees a central administration budget deficit of 80.6 billion lira (14.3 billion dollars) or 1.8% of GDP. Maintaining fiscal discipline would bolster international…
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DOI: 10.1108/OXAN-DB239337
ISSN: 2633-304X
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State banks’ increased use as policy instruments.