Market Failures In Economic Schools and Financial Crisis Approach: A Post Keynesian Analysis On The 2001 Financial Crisis In Turkey

Abstract

Financial crisis approach in the macroeconomic analysis is based on the different assumptions of economic thought schools. In this paper, the financial crisis approach is investigated for the 2001 financial crisis, which is one of the most severe financial crises the Turkish economy experienced, in the Post Keynesian economic thought framework in a comparative way. Generally, the Post Keynesian economic thought has a more comprehensive and alternative approach for the 2001 financial crisis in the Turkish economy and described the main reasons for this crisis in a better way.  

Keywords

• Financial crisis,Market failures,Comparative financial crisis analysis,The Turkish 2001 financial Crisis

İktisat Okullarında Piyasa Başarısızlıkları Ve Finansal Kriz Yaklaşımı: Türkiye’de 2001 Finansal Krizi Üzerine Post Keynesyen Bir Analiz

Öz

Finansal kriz yaklaşımı, makro iktisadi analizde iktisat okulları tarafından farklı varsayımlara dayanmaktadır. Bu çalışmada finansal kriz yaklaşımı, Post Keynesyen iktisat okulu çerçevesinde Türkiye ekonomisinde yaşanan en ağır finansal krizlerden birisi olan 2001 finansal krizi açısından karşılaştırmalı olarak incelenmektedir. Genel itibariyle Post Keynesyen iktisat okulunun Türkiye ekonomisinde 2001 finansal krizini açıklamada alternatif bir yaklaşıma sahip olduğu ve krizin ana nedenlerini daha iyi açıkladığı görülmektedir.

Anahtar Kelimeler

• Finansal Kriz,Piyasa Başarısızlıkları,Karşılaştırmalı Finansal Kriz Analizi,Türkiye 2001 Finansal Krizi

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