Financial reforms, stabilization and development in 21st-century Turkey

"This study examines the adaptation of Turkey’s financial market regulations to EU requirements. For this purpose, the author undertakes a multi-dimensional study of the evolution of Turkey’s economy in recent decades. Specifically, the author focuses on the key problems associated with the transition towards a market economy such as the deregulation of financial markets, the role of institutions and institutional change, monetary stability and the performance of the central bank. At the end of the volume, important and useful lessons are presented on the basis of this case study. All in all, the volume offers a solid, theoretically informed and multi-faceted account of the struggles faced by a developing country and the mixed results that emerge as it attempts a transition towards a market economy."

Professor Sevket Pamuk,

Bogazici University, Turkey