Munich Personal RePEc Archive

Financial Stability and Financial Markets: Case of Turkey

Tursoy, Turgut (2019): Financial Stability and Financial Markets: Case of Turkey.

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Abstract

Introduction: The purpose of the paper is to examine what is financial stability in the financial market. This paper is providing the condition of financial instability and connecting the concept with the aggregate economic activities.

Case Description: This paper investigates the case of Turkey which was faced by a crisis in the year 2001 and explains the intervention by the government to solve the issues related to the crisis.

Discussion and Evaluation: After the necessary amendments are done by the government to solve the devastating effects of crises, it is showing to having the well-functioning financial system is crucial for welfare into the country.

Conclusions: All the attempted did by the necessary institutions and governments effectively solved the issues related to the crisis, and as a result, improving and developing the necessary conditions into the financial system is an essential task to having a well-functioning financial system.

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