Ersel, Hasan; Ãzatay, Fatih - In: Emerging Markets Finance and Trade 44 (2008) 6, pp. 38-51
In the aftermath of the 2000-2001 crisis in Turkey, the banking sector was in turbulence, requiring immediate action. The rescue operation significantly increased the public debt ratio with respect to gross domestic product. At the beginning of 2002, the central bank of Turkey announced that it...