The Turkish Economy after Albayrak: The Limits of Monetary Reset
By Barış Soydan
December 10, 2020
President Recep Tayyip Erdoğan is certainly right to point to the need of reforms to restore the confidence of international investors in Turkey. Yet his determination, and assuming that he’s sincere, his ability to see reforms through is very much in doubt. Besides, Erdoğan retains a hands-on approach to monetary policy even after the departure of his son-in-law Berat Albayrak from the Ministry of Finance. He may well decide once again to stimulate the economy with cheaper and larger amounts of credit, which would inevitably further destabilize the Turkish economy.
Visit also
Joint Center Publications
Op-ed Halil Karaveli "The Rise and Rise of the Turkish Right", The New York Times, April 8, 2019
Analysis Halil Karaveli "The Myth of Erdogan's Power", Foreign Policy, August 29, 2018
Analysis Svante E. Cornell, A Road to Understanding in Syria? The U.S. and Turkey, The American Interest, June 2018
Op-ed Halil Karaveli "Erdogan Wins Reelection", Foreign Affairs, June 25, 2018
Article Halil Karaveli "Will the Kurdish Question Secure Erdogan's Re-election?", Turkey Analyst, June 18, 2018
Research Article Svante E. Cornell "Erbakan, Kisakürek, and the Mainstreaming of Extremism in Turkey", Current Trends in Islamist Ideology, June 2018
Analysis Svante E. Cornell "The U.S. and Turkey: Past the Point of No Return?", The American Interest, February 1, 2018
Op-ed Svante E. Cornell "Erdogan's Turkey: the Role of a Little Known Islamic Poet", Breaking Defense, January 2, 2018
Research Article Halil Karaveli "Turkey's Authoritarian Legacy", Cairo Review of Global Affairs, January 2, 2018