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Currency Crises and Humanitarian Funds: Welfare and Monetary Dynamics in Turkey
Abstract
The fiscal and institutional heritage of Turkey sets a narrow room for policy regulation to impose guarantees to currency competitiveness. The paper considers financial features, empirical inflation drivers, and novel monetary instruments in the recent economic chronology of Turkey; aiming to present an association between currency volatility and the humanitarian context of the EU-Turkey agreement. Specifically, the prevalence of informal economies, housing market transformations, and the accumulation of high-interest bearing private debt appear as influential policy variables within the current model for welfare provision. At the intersection of humanitarian funds and state-defined aims, it strikes as startegically important to preserve the real value of allocated funds from cash transfer programmes such as the ESSN.
Keywords
References
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Details
Primary Language
English
Subjects
-
Journal Section
Research Article
Publication Date
April 26, 2022
Submission Date
April 4, 2022
Acceptance Date
April 25, 2022
Published in Issue
Year 2022 Volume: 7 Number: 1
