The expansionary monetary policies which were adopted by central banks of developed countries to contain the impact of the global financial crisis had significant reverberations on developing economies. The Turkish economy was no exception in this regard. During this period, the availability of ample low-cost and short-term foreign financing led...
How did the government perform in fiscal terms during 2011, and what steps have been taken to reduce the trade deficit? ŞİMŞEK: On the fiscal front, our core achievements since 2002 have been a significant reduction in debt and the deficit. We lowered the general government deficit from 10.8% of GDP in 2002 to 0.6% in 2011. Similarly...
The corporate scandals in global markets over recent years and institutional investors’ power to lead companies have made corporate governance principles a substantial and noteworthy investment criteria. This is especially true for developing countries, due to concerns over distinguishing the company’s ownership and management, independent...
The İMKB lost 40% of its value in 2011, while the economy grew 8%. How will changes in the market diminish the risks of future losses on this scale?
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