International Monetary And Financial Economics

2006Table of ContentsTOC o 1-3 h z u HYPERLINK l _Toc1 approach PAGEREF _Toc1 h 3HYPERLINK l _Toc2 1 . Overview of Turkey s financial and stinting Crises of 2000 and 2001 PAGEREF _Toc2 h 4HYPERLINK l _Toc3 2 . study Causes of Turkey s Financial and Economic Crises PAGEREF _Toc3 h 8HYPERLINK l _Toc4 3 . Role of IMF in Turkey s Crises of 2000 and 2001 PAGEREF _Toc4 h 13HYPERLINK l _Toc5 Conclusion PAGEREF _Toc5 h 17HYPERLINK l _Toc6 Bibliography PAGEREF _Toc6 h 19IntroductionTurkey suffered from financial and economic crisis twice during a actually short period of time : the first crisis occurred in November 2000 , trance the second one took place in February 2001 . The first crisis was in the beginning the crisis of private banking sector , when private commercial banks did not govern to meet their obligations and were destined to collapse . The second crisis was caused by disproportions in the state-owned banking sector . Both of these crises are very closely committed with the banking sector and they both(prenominal) are caused by inadequate command of this sectorIMF played a very important role in Turkish economy during both the crisis of 2000 and 2001 . During these years , it provided financial service to Turkey of 28 billion , as well as variant kinds of recommendations . The stand-by agreement which was reached between IMF and Turkish presidential term was in the heart of all of the reforms taking place in TurkeyThe aims to check the major causes of Turkish crises of 2000 and 2001 . In to identify real causes of the crises , both official version and opinions of different economists are analyzed . Major attention in the is devoted to the role of IMF in the crises and mistakes which its experts do when developing the program of reforms for Turkey .

The touches upon potential threats of neo-liberalization monetary policy and its impact on the economies of middle level-countries . The provides the overview of the reforms which took place in Turkish economy prior to the crises and touches upon the negative impact of Turkish government on the country s economy1 . Overview of Turkey s Financial and Economic Crises of 2000 and 2001Turkey s financial and economic crises of 2000 and 2001 have been one of the most powerful crises in the history of the country . The events of the crises have been widely discussed by different authors , including Gorvett (2001 , Alper (2001 , Ziya and Rubin (2003 , Akyuz and Borata (2002 , Yeldan (2001 , 2002 ) and others . All of these researchers have conducted research on the major causes of Turkish crises and given their recommendation concerning how to avoid similar crises in future . Yeldan (2001 , 2002 ) devotes particular attention to the analysis of causes of crises which disagree with official and media daub of view . Alper (2001 ) concentrates his attention on the connection of IMF to the crises and its major mistakes...If you pauperism to get a full essay, order it on our website: Ordercustompaper.com

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