Turkey has undergone a major economic, social, and political transformation during the two decades of Justice and Development Party (Adalet ve Kalkınma Partisi, AKP) rule.
Steve Hanke suggests currency board for Turkey’s high inflation
Steve Hanke, professor of applied economics at Johns Hopkins University, who is renowned for his scientific studies on hyperinflation, says that the probability of hyperinflation in Turkey is pretty low from a statistical point of view.
Türkiye’nin çökmekte olan ekonomisine yeni bir bakış açısı
Adalet ve Kalkınma Partisi (AKP), Türkiye’de 21. yüzyılın başında ekonomik istikrar ve Batı demokrasileri ve finans kurumlarıyla yeniden uyum sağlama vaadiyle iktidara gelmiştir.
Die türkische Wirtschaft steht vor dem Einbruch – eine neue Perspektive
Zu Beginn des 21. Jahrhunderts kam die Partei für Gerechtigkeit und Entwicklung (AKP) in der Türkei mit dem Versprechen wirtschaftlicher Stabilität und einer Annäherung an die westlichen Demokratien und Finanzinstitutionen an die Macht.
Turkey’s current collapsing economy – a new perspective
A currency board is the only way to protect Turkey’s currency from Turkey’s president. Steve Hanke, economist at Johns Hopkins University and a proponent of currency boards in Turkey as well as several other countries, has described the process by which a currency board can function independently of a country’s government:
The Turkish Economy under the Presidential System
Turkey will struggle to achieve sustainable growth and prosperity under its current presidential system. This has driven many young people, especially the well-educated, to emigrate abroad, while social unrest at home is likely to increase.
Soaring inflation and a collapsing currency: Why is Turkey’s economy in such a mess?
Runaway inflation and a collapsing lira are pushing millions of Turks to the brink of financial ruin and slamming factories, farmers and retailers across the country.
Determinants of bank Lending in Turkey
As one of the most important elements of the financial system, bank loans significantly affect both the real economy and financial markets.
An overview of the Turkish economy: outlook and current perspectives
Turkey has witnessed three major crises since 1994, and the 2001 financial crisis was one of the worst economic downturns Turkey has ever experienced
The Impact of Exchange Rates on the Turkish Economy
The Turkish lira depreciated by 200% against the U.S. dollar and the euro between 2012 and 2022. We investigate how depreciations affect Turkish imports, exports, and stock prices. We find that depreciations cause large decreases in imports but do not stimulate exports