TR
EN
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
Kaynakça
- Akçay, O. C., Alper, C. E. & Özmucur, S. (2001) ‘Budget Deficit, Inflation and Debt Sustainability – Evidence from Turkey 1970-2000’, Retrieved from: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.194.7155
- Arbaa, O. and Varon, E. (2019) ‘Turkish currency crisis - Spillover effects on European banks’, Borsa Istanbul Review, 19(4), 372-378.
- Ari, A. & Cergibozan, R. (2018) ‘Currency crises in Turkey: An empirical assessment’, Research in International Business and Finance, 46, 281-293.
- Aslaner, O., Ciplak, U., Kara, H. & Küçüksaraç, D. (2015) 'Reserve options mechanism: does it work as an automatic stabilizer?', Central Bank Review, 15(1), 1-18.
- Balkan, B., Tok, E. O., Torun, H. & Tumen, S. (2018) 'Immigration, Housing Rents, and Residential Segregation: Evidence from Syrian Refugees in Turkey', IZA Institute of Labor Economics, IZA DP No. 11611.
- Bayram, K., Abdullah, A. & Meera, A. K. (2017) ‘Identifying the optimal level of gold as a reserve asset using Black–Litterman model: The case for Malaysia, Turkey, KSA and Pakistan’, International Journal of Islamic and Middle Eastern Finance and Management, 11(3), 334-356.
- Çelik, R., Keskin, A. & Keskin, A. (2020) 'The Impact of Economic Growth, Unemployment and Inflation on Informal Employment in Turkey: an ARDL Bounds Test Approach', Journal of Social Policy Conferences, 80, 451-474.
- Cetinoglu, T. (2019) '‘New’ humanitarianisms and programming: the encounter of Turkey and Europe with Syrian refugees', Conflict, Security & Development, 19(3), 289-294.
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
Araştırma Makalesi
Yayımlanma Tarihi
26 Nisan 2022
Gönderilme Tarihi
4 Nisan 2022
Kabul Tarihi
25 Nisan 2022
Yayımlandığı Sayı
Yıl 2022 Cilt: 7 Sayı: 1
