A Tale of Two Crises: Turkey of the Early Aughts and Today’s Lebanon

Altug, Sumru and Dagher, Leila (2023): A Tale of Two Crises: Turkey of the Early Aughts and Today’s Lebanon.

Abstract

Crises in emerging economies often involve capital flow reversals, devaluations, and large drops in real activity, and are typically caused by unsustainable fiscal positions, financial sector fragility, and political instability. All these factors were present in the crises endured by Turkey and Lebanon, albeit with a 20-year difference.

• Item Type: MPRA Paper
• Language: English
• Keywords: lebanon; turkey; imf; economic crisis
• Subjects: H - Public Economics > H1 - Structure and Scope of Government > H12 - Crisis Management; P - Economic Systems > P5 - Comparative Economic Systems > P51 - Comparative Analysis of Economic Systems

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