Thesiss

The fiscal balances of the state vary widely among developing countries. In some developing countries, fiscal deficits are both extensive and persistent, while in others they remain negligible or modest. By examining three democratic middle-income countries (Turkey, Brazil, and …

This dissertation presents evidence on whether, and by what degree, government budget deficits raise interest rates in Turkey, where unprecedented increases in budget deficits have prevailed since the late 1980s. The increasing size of budget deficits and the financing of these …