Gökkent, Giyas; Moslares, Carlos; Amiel-Saenz, Rafael - In: Eastern European Economics 41 (2003) 1, pp. 35-67
The Turkish exchange-rate-based stabilization plan adopted in 2000 has been a spectacular failure, lasting a mere fourteen months despite a relatively flexible peg regime and preannounced exit strategy. The final three months of the currency regime were marred by the eruption of a banking sector...