In this paper, we evaluate the impact of Turkey's membership on EU voting. The aspects that we discuss are decision …

In late 1979 Turkey found itself in the throes of a foreign exchange crisis, with widespread shortages, negative growth … and three-digit inflation. A decade later, Turkey has a comfortable balance-of-payments situation, and holds considerable …

distribution of public investment in the 81 provinces of Turkey between 2004 and 2012. Our results show that, although electoral …

The paper studies risk mitigation associated with capital regulation, in a context where banks may choose tail risk … assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited … liability. Moreover, higher capital may have an unintended e¤ect of enabling banks to take more tail risk without the fear of …

assess and price the risk of default. In order to analyse default risk in the macroeconomy, a simple general equilibrium … model with banks and financial intermediation is constructed in which default-risk can be priced. It is shown how the credit … spread can be attributed largely to the risk of default and how excess loan creation may emerge due different attitudes to …