By using a simultaneous equations model, this paper establishes that the perceived quality of governance, which is measured by three different indicators “Quality of Administration”, “Public Accountability” and “Political Stability”, has a positive effect on the private investment...

The high credit card interest rates in Turkey attracted considerable attention in recent years to regulate the Turkish credit card industry. Before any regulation decision taken, there needs to be better conceptualization and analysis of the Turkish credit card market. This paper sheds some...

The analysis in this paper helps understand the progress in reforms and development of the private sector in the Middle East and North Africa. It shows the critical role played by the State-private sector relations in determining the progress of reforms and their impact on private sector...

Türkiye’de kredi kartı pazarı 2001 krizinden sonra ekonomik istikrarın sağlandığı, enflasyonun düştüğü ortamda hızla büyümüş, 2006 yılında 32 milyon kart sayısı ile Avrupa’nın 3. büyük pazarı haline gelmiştir. Kronik yüksek enflasyon ve krizlerin yaşandığı...

Bu makalede, makro iktisat eğitimi alanında önde gelen 16 okuldaki ilk yıl makro iktisat dersleri ışığında makro iktisat araştırmalarının mevcut durumu incelenmiştir. Bu inceleme sonucunda, makro iktisatta 1980’lerde egemen olan metodolojik ve ideolojik farklılıkların ortadan...

This paper aims to find the productivity change in the banking sector between 1990 and 2006, with an emphasis to the period after 2001 crisis during which the Turkish banking system experienced a structural change. Using DEA, we find the Malmquist TFP Change Index and its mutually exclusive and...

The analysis in this paper helps understand the progress in reforms and development of the private sector in the Middle East and North Africa. It shows the critical role played by the state-private sector relations in determining the progress of reforms and their impact on private sector...

This paper sheds light on the distributional implications of the exchange rate based stabilizations with financial imperfections when a country is populated by heterogeneous agents with respect to their source of income. This paper shows that boom-bust cycles in developing countries lead to...

Recent financial crises highlight weaknesses in financial markets and the need for regulatory and supervisory bodies (RSB) to improve the stability of financial markets. Currently, international institutions like the IMF and the World Bank place the independent RSB among their principle policy...

This paper shows that exchange rate alignments are also used for the redistribution of income among different groups. The heterogeneous impacts of stabilization policies lead to formation of various coalitions throughout the evolution of stabilization programs. These coalitions can produce...