Institutional entrepreneurship and organisational learning: financial stability policy design in Turkey

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dc.authoridMustafa Yağcı / 0000-0001-5911-9119en_US
dc.authorscopusidMustafa Yağcı / 57197793434
dc.authorwosidMustafa Yağcı / Y-4764-2018
dc.date.accessioned2020-08-30T20:08:13Z
dc.date.available2020-08-30T20:08:13Z
dc.date.issued2017
dc.departmentİstinye Üniversitesi, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Siyaset Bilimi ve Kamu Yönetimi Bölümüen_US
dc.description.abstractIn the aftermath of the Global Financial Crisis (GFC), financial stability' emerged as one of the key pillars of economic policy-making and as a new mandate for central banks. In spite of the acceptance and prominence of financial stability goal, we know very little about the mechanisms of institutional change and the role of institutional entrepreneurship in particular, to pursue financial stability objective in national contexts. This study investigates the active financial stability pursuit of the Central Bank of the Republic of Turkey (CBRT) following the GFC and argues that institutional entrepreneurship of CBRT as an organisation and the governor of CBRT as an individual paved the way for active financial stability pursuit and resulting institutional and policy changes in Turkey by accomplishing organisational learning' at the CBRT. Governor of CBRT also played a key role as an institutional entrepreneur by gaining Turkish Treasury's political support in design of unconventional monetary policy measures for financial stability objective. Utilising institutional theory, organisation theory, and public policy literature, this study offers an interdisciplinary, agency based and process-oriented analysis to the study of the political economy of central banking in the aftermath of GFC and sheds light on the questions of why and how central banks take specific policy decisions from a micro-level analysis.en_US
dc.identifier.citationYağcı, M. (2017). Institutional entrepreneurship and organisational learning: financial stability policy design in Turkey. Policy and Society, 36(4), 539-555.en_US
dc.identifier.doi10.1080/14494035.2017.1369616en_US
dc.identifier.endpage555en_US
dc.identifier.issn1449-4035en_US
dc.identifier.issn1839-3373en_US
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85045684378en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage539en_US
dc.identifier.urihttps://doi.org/10.1080/14494035.2017.1369616
dc.identifier.urihttps://hdl.handle.net/20.500.12713/904
dc.identifier.volume36en_US
dc.identifier.wosWOS:000418689000005en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorYağcı, Mustafaen_US
dc.language.isoenen_US
dc.publisherTaylor & Francis Ltden_US
dc.relation.ispartofPolicy and Societyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectInstitutional Entrepreneurshipen_US
dc.subjectInstitutional Changeen_US
dc.subjectPolicy Changeen_US
dc.subjectOrganisational Learningen_US
dc.subjectFinancial Stabilityen_US
dc.titleInstitutional entrepreneurship and organisational learning: financial stability policy design in Turkeyen_US
dc.typeArticleen_US

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