The political economy of central banking in Turkey: the macroprudential policy regime and self-undermining feedback
Yükleniyor...
Dosyalar
Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This article examines the political economy of central banking in Turkey in the aftermath of the global financial crisis. The macroprudential turn led by the Turkish central bank not only created a political backlash from within the AKP government but also revealed the divergent preferences of real and financial sector actors in the Turkish economy. Using the policy regimes and policy feedback framework with a qualitative data analysis methodology, this article argues that the interplay between the contextualised material, ideational, structural and institutional forces, the strategies of leading politicians and how the stakeholders perceived and evaluated the new policy framework had a critical role in shaping the legitimacy, coherence and durability of the macroprudential policy regime in Turkey.
Açıklama
Anahtar Kelimeler
Policy Regime, Policy Feedback, Political Backlash, Central Bank, Global Financial Crisis, Macroprudential Policy, Turkey, AKP
Kaynak
South European Society and Politics
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
23
Sayı
4
Künye
Yağcı, M. (2018). The Political Economy of Central Banking in Turkey: The Macroprudential Policy Regime and Self-Undermining Feedback. South European Society and Politics, 23(4), 525-545.
