Financial liberalization and fiscal repression in Turkey: Policy analysis in a CGE model with financial markets
Please cite this item using this persistent URLhttp://hdl.handle.net/11693/13615
Journal of Policy Modeling
- Department of Economics 
The effects of recent Turkish financial liberalization reforms on the real economy are investigated with the aid of a computable general equilibrium model that incorporates financial markets. The model is used for conducting counterfactual and comparative static simulation experiments to analyze three sets of issues: (1) the real side effects of the government's mode of financing its fiscal deficit through debt instruments or monetization; (2) the effects of deregulation of the public debt instrument issuing rules on the financial markets; and (3) the domestic implications of the continued external debt servicing and the foreign exchange rate devaluations. (C) Society for Policy Modeling, 1997
Yeldan, A. E. (1997). Financial liberalization and fiscal repression in Turkey: Policy analysis in a CGE model with financial markets. Journal of Policy Modeling, 19(1), 79-117.