This study probes the linkages between the institutional framework of an economy and the outcome of financial liberalization. It argues that institutions and institutional quality are crucial to avoiding the crises often precipitated by financial liberalization. This issue is ex…
“Little Manhattan,” the new international business and finance center of Istanbul, is the place where the dominant urbanization agenda, making Istanbul a world city, and the economic development agenda, financial liberalization, were strikingly articulated as two predominant dev…
This study investigated factors affecting housing finance supply in Nigeria. Housing finance is a major factor determining the quality and tenure of housing consumption, the overall financial portfolio of the public and the stability and effectiveness of the financial system. In…
This dissertation has three distinct but related objectives. The first objective is to provide insights into the determinants of financial liberalization in a sample of 30 countries in Sub-Saharan Africa (SSA). The second objective is to explore the factors that led the Nigerian…
This dissertation examines the effects of financial liberalization on investment decisions of manufacturing firms in Turkey, through the channels of liquidity and uncertainty. While the former channel is analyzed in the literature on financing constraints, the latter is left out…
This dissertation investigates different but related aspects of the impact of global financial liberalization on macroeconomic changes and policy formation in a developing country. By using recent time-series econometric techniques for the Turkish case, three essays in this diss…
Financial liberalization is one of the main reform strategies of developing economies during the globalization process. Development of the more sophisticated financial sectors by the contribution of foreign banks and investors is expected to lead to a sustainable economic growth…
This thesis applies Granger Causality Tests to balance of payments accounts of Turkey between the first quarter of 1992 and the last quarter of 2009, in order to test effectiveness of current account sustainability indicators that are derived by two major theoretical conceptions…
The main objective of this dissertation is to investigate the dynamics of credit expansion and its link with economic volatility in Turkey. First, we introduced currency substitution as a factor, which becomes intertwined with liquidity preference in the case of a financially li…
The three essays analyze the effects of uncontrolled domestic and external financial liberalization on country risk, private investment and political instability in Argentina, Mexico and Turkey. The first essay explores the dynamic relationship among country risk, short and long…