Erosion of Central Bank independence in Turkey
Yükleniyor...
Dosyalar
Tarih
2019-01-01
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study provides empirical analysis to show increasing pressures over the Central Bank of Turkey (CBT) throughout the past decade where the CBT gives into such pressures, despite the Central Bank Law, which ensures tool independence. The study suggests that the relations between the government and the CBT reflect recent political changes where the government increased its control over state institutions, following rising costs of losing office. However, this trend not only has economic costs such as a restricted capacity to achieve price stability and sustainable growth but it also limits horizontal accountability of state institutions.
Açıklama
Anahtar Kelimeler
Central bank independence, Horizontal accountability, Rule of law, Monetary-Policy, Rules, Discretion, Regime
Kaynak
Turkish Studies
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
20
Sayı
1
Künye
Demiralp, S. & Demiralp, S. (2019). Erosion of central bank independence in Turkey. Turkish Studies, 20(1), 49-68. doi:10.1080/14683849.2018.1505512
