International Monetary And Financial Economics

2006Table of ContentsTOC \o 1-3 \h \z \u HYPERLINK \l _Toc1 advent PAGEREF _Toc1 \h 3HYPERLINK \l _Toc2 1 . Overview of Turkey s financial and stint Crises of 2000 and 2001 PAGEREF _Toc2 \h 4HYPERLINK \l _Toc3 2 . study Causes of Turkey s pecuniary and economical 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 accredited short period of time : the first crisis occurred in November 2000 , turn 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 th eir 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 virtually committed with the banking sector and they both(prenominal) are caused by inadequate see to it 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 attend to Turkey of 28 billion , as well as variant kinds of recommendations . The stand-by agreement which was reached between IMF and Turkish presidential enclosure was in the heart of all of the reforms taking place in TurkeyThe aims to check the major(ip)(ip) causes of Turkish crises of 2000 and 2001 . In to identify real causes of the crises , both formalised version and opinions of different economists are analyze . 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 fo r 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 hefty 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: BestEssayCheap.com

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