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The economic crisis of 2000-2001 was proved to be demolishing for Turkey after the abundance of
currency peg in the same year. The crisis in question stemmed from insufficient implementation of
regulations, inadequate depth of the capital markets, lack of assessment of risk, excessive lending to
incorporated institutions by national banks, restricted interest rates, monitored foreign exchange
operations, limited foreign asset holding, lack of competition, barriers to foreign entry & low liquidity,
chronic inflation and a deficit in balance of payments. However, the crisis that Turkey faced 2008-2009
was quite different than the previous ones. The sparking effect begun in the USA at the mortgage market,
the fail of the mortgage market negatively influenced the capital, stock and derivative markets and spread
the world. Thus, this study aims to analyze and reveal the reflections of the 2000-2001 and 2008-2009

Tam metin:

PDF (English)


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