Turkey’s strategic trade policy alternatives in a world of multi-polar trade blocs: lessons from an intertemporal, multi-region general equilibrium model
Yeldan, A. Erinç
Von Hagen, J.
Kluwer Academic Publishers
195 - 220
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Regionalism in Europe: geometries and strategies after 2000
ZEI Studies in European Economics and Law;4
Turkey has initiated its process of liberalization and integration with the world commodity and financial markets in January, 1980. With an over-reaching reform agenda, first the existing system of multiple exchange system was eliminated and a managed floating foreign exchange regime was enacted. An extensive direct subsidization scheme was introduced to promote exports. In the meantime, commodity markets were liberalized and a vigorous price reform was implemented.
Published Version (Please cite this version)https://doi.org/10.1007/978-1-4615-1643-9_9