The Turkish economy has encountered significant shocks in interest rates and foreign
exchange along with global risks in recent years. These shocks had an impact not only on …

ABSTRACT A decade after the global financial turmoil, a new wave of crises is haunting the
global South. This pattern is different from previous crisis episodes. Powerful shifts in the …

This paper investigates the drivers of Turkish inflation by using a structural vector
autoregression model, where monthly data on global oil prices, unemployment rates …

With ownership estimates of up to 25%, Turkey is at the forefront of cryptocurrency adoption,
rendering it an interesting example to study the proclaimed use cases of cryptocurrencies …

Central bank independence is an important development in macroeconomics. It has become
a lynchpin of modern central banking. The period since the Global Financial Crisis and the …

How do political parties shape state capacity? We argue that democratic leaders backed by
personalist parties are more likely than other leaders to undermine impartial state …

The early literature on inflation targeting (IT) regime argues that adopting an IT regime in
itself reduces the exchange rate pass-through (ERPT). The basic logic behind this argument …

With the global rise in populism over the last decade, there has been an increase in political
commentaries (PC) by leaders that criticize their central banks and argue for lower interest …

This study examines patterns of voter defection from Turkey's incumbent AKP amid major
economic and democratic decline. As in other electoral autocracies, defectors constitute a …

This study aims to analyze the nature of the dollarization that takes place in the Turkish
economy and to decompose the factors that have contributed to its increase in recent years …