This paper investigates the role of the deterioration of the Turkish publicsector balances in the latter half of the 1980's and the evolution of theeconomic crisis with the aid of a computable general equilibrium model. Thetheoretical basis of the model utilized in the paper rests upon the...

We highlight an example of considerable bias in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We make use of an intertemporal general equilibrium model of trade and production to evaluate the dynamic gains for...

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The East Asian financial crisis exposed the problems of excessive government intervention in credit allocation and poor supervision of the banking system. We argue that the crisis is an opportunity to reformulate the strategies of growth by way of eliminating politicized intervention on...

Turkey experienced a severe economic and political crisis in November 2000 and again in February 2001.  The IMF has been involved with the macro management of the Turkish economy prior to and after the crisis, and provided financial assistance of $20.4 billion between 1999 and 2003. ...

This Working Paper studies how the interest rate policy of the Central Bank of the Republic of Turkey (CBRT) has evolved under the post-financial liberalization and deregulation era. Utilizing econometric methods on a generalized form of a Taylor Rule the authors search for the possible...