FINANCIAL REPRESSION AND ECONOMIC GROWTH: CASE OF TURKEY
FİNANSAL BASKI ve EKONOMİK BÜYÜME: TÜRKİYE ÖRNEĞİ

Author : Oğuzhan ŞENGÜL
Number of pages : 265-273

Abstract

In 1980s, developing economies had started to transform financial systems from repressive form to open market form. It is clear that initial studies related to interaction between financial repression and economic growth claim positive effect of the transition process. So, consequences of financial repression are likely to negative on economy directly and indirectly. This is especially for emerging market economies. After the global financial crisis, the discussion on necessity of financial repression against another global finance crisis has begun among economists. In this study, role of repression on financial system in growth performance of the Turkish economy is discussed. A possible presence of relation between repressive policies and economic growth in the period between years 2008 and 2020 is analyzed via advanced times series analysis methods.

Keywords

Financial repression, Global crisis, Economic Growth

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