As an emerging economy, Turkey is an interesting case study because it was one of the hardest hit countries by the … fallout from the crisis, the Central Bank of the Republic of Turkey (CBRT) decreased policy rates by an astounding 1025 basis …

importance of precautionary saving in Turkey. The most difficult aspect of the empirical analysis is the approximation of labour …

market imperfections. This paper presents micro evidence on the credit market imperfections in Turkey and connects these … imperfections to macro movements. First part of the paper documents the aggregate boom-bust cycles in Turkey and shows that non …