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Turkey

Chapter

Abstract

Integration of the developing national economies into the evolving world financial system has been achieved by a series of policies aimed at liberalizing their financial sectors. The motive behind liberalization was to restore growth and stability by raising savings and improving economic efficiency. A major consequence, however, has been the exposure of these economies to short-term capital movements, which have increased financial instability and caused a series of financial crises in the developing countries.

Keywords

Central Bank Banking Sector Domestic Economy Current Account Balance Financial Liberalization 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© International Development Research Centre 1998

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