Browsing by Subject "Policy making"
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Item Open Access Speculation and the decision to abandon a fixed exchange rate regime(Elsevier BV, 2002) Pastine, I.This paper demonstrates that the implications of first-generation speculative attack models do not hold if there is a rational, forward-looking policy maker. The policy maker will be able to avoid predictable speculative attacks by introducing uncertainty into the decisions of speculators. This changes the sudden attack into a prolonged period of increasing speculation and uncertainty. In addition, the model provides useful insights into the viability of temporary nominal anchor policies, and a theoretical foundation for a useful empirical methodology. © 2002 Elsevier Science B.V. All rights reserved.Item Open Access Urban design—or lack thereof—as policy: the renewal of Bursa Doğanbey district(Springer, 2017) Batuman, B.; Erkip, F.The role of urban design in urban policy making has been extensively discussed in recent years due to the insufficiency of existing applications in the complex structure of global urbanization. This paper aims at addressing the role of urban design as a policy instrument in urban politics through a case in one of the metropolitan cities of Turkey, Bursa. The case presented in the article reflects the emergence of a non-space in a city with a rich historic and cultural heritage. Lack of control and accountability, lack of communication between actors in the process and power coalitions are the main reasons of this process that caused the huge misfit between TOKI Doganbey settlement and the overall context. This settlement harmed Bursa’s identity tremendously and caused a lot of turmoil since none of the parties involved is content with the end product. We try to elaborate on the process and the role of various actors in shaping it. Turkey does not have a rich urban design experience although successful projects are seen in high-income housing settlements. We conclude that it is timely to start with a new approach to the discipline to prevent such failures with large impacts on the urban form and life. The need for a holistic approach seems imperative to establish the core of a new urban design discipline involving socio-spatial concerns. © 2017, Springer Science+Business Media Dordrecht.