Financial liberalization was carried out during a period when the nonfinancial corporate sector was in financial distress due to reduced profitability. The consequent emergence of substantial nonperforming loans in the banking sector, especially among smaller banks, created fierce competition...

This paper is about financial flows in developing countries. It reviews the evidence on who the borrowers and lenders are. Apart from collecting and summarizing available data from some seventeen countries, the paper presents the results of an econometric analysis of the interactions between the...

The following section are included:IntroductionA Competition Enhancing Reform PackageThe Experience of TurkeyEvaluation: Trade-Offs and Challenges of Enhancing CompetitionConclusionAcknowledgmentsReferences

This paper undertakes a growth accounting exercise for the Turkish economy. At the aggregate level, we find that total factor productivity growth (TFP) has been quite respectable in the last decade, both in comparison to earlier decades as well as in international comparison. In fact, it is...

Turkish Abstract: Devletlerin temel görevleri arasında kendi içlerindeki farklılık ve çeşitliliklere rağmen, tüm ekonomik oyunculara eşit pazar şartları ve imkânları sağlanması bulunmaktadır. Bu görevler yerine getirilirken şeffaflık ve hesap verebilirlik ile temiz davranış...

Both anti-corruption law and anti-trust law aim to create a level playing field and they are complementary to each other in support of this aim. Given the indispensable nature of both fields in terms of reaching social welfare, it is striking how differently society reacts to the breaching...

The final destination and the ultimate goal that we put forth in our article is that the Turkish Competition Board should include innovation considerations in its merger control analyses by employing dynamic tools. Accordingly, we contend that the Turkish Competition Board should “set its...