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.
The Turkey Analyst is a publication of the Central Asia-Caucasus Institute & Silk Road Studies Joint Center, designed to bring authoritative analysis and news on the rapidly developing domestic and foreign policy issues in Turkey. It includes topical analysis, as well as a summary of the Turkish media debate.