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A COMPARISON OF THE EFFECTS OF THE IMF PROGRAMS DESIGNED TO DEAL WITH THE ECONOMIC CRISESIN TURKEY AND ARGENTINA

Year 2004, Volume: 6 Issue: 22, 237 - 244, 10.06.2004
https://doi.org/10.14783/maruoneri.678814

Abstract

This paper discusses and tries to compare the reasons for the crises of Argentina and Turkey, which have always had a problematic structure in terms of macroeconomic conditions especially from 1985’s together with efforts to gain access to foreign markets. It also explains whether these countries achieved success with IMF supported economic programs. Therefore, the paper consists of three main parts. In the first part, the principal aims of MF's suggested policies have been discussed. In the second part, the effects of Argentina’s application of IMF supported programs on its economic and social indicators have been analyzed.. In the third part, the crises, which Turkey had and the impact of policies, which IMF carried out, have also been examined from the same perspective. Finally, the effects of IMF’s policies, which were introduced against the crises in these two countries have been analyzed and in the light of these policies, the points which countries have to consider in determining their policies and the lessons they must learn have been discussed.

References

  • ALPAR Emre, Z. Öniş (2001) “Financial Flotation the Democratic Deficit and Recurrent Crises in Emerging Markets: The Turkish Experience in the Aftermath of Capital Account Liberalization.” Http: papers.sym.com
  • BOSTON, G. (2002) “Juggernought Joseph Stiglitz Zeroes in on Losses in the Developing World-Both Economic and Social Caused By the IMF’s Hegemony”, Boston Globe, July 28.
  • BRUNO Micheal. S. Fisher (1991) Lessons of Economic Stabilization and the Aftermath, The MIT Press
  • DORNBUSCH R. (2001) “A Primer on Emerging market Crises.” MIT
  • DORNBUSCH R. (1993) Stabilization, Dept and Reform. Prentice Hail, USA
  • DORNBUSCH R., S. Edwards, (1991) The Macroeconomics of Populism in Latin America, The University of Chicago Press, USA
  • FACKLER, J & McMillan (2002) “Evaluating Monetary Policy Options.” Southern Economic Journal, 68(4)
  • GRABBE, J. (1996) International Financial Markets, Prentice Hail, Englewood Cliffs, New Jersey.
  • IMF (1998) World Economic Outlook and International Capital Markets Interest Assessment.
  • KIGUEL M .A., N. Liviatan, (1991) The Inflation Stabilizations Cycles in Argentina and Brasil. The MIT Press
  • KRUGER, P.(1995J Currencies and Crises, The MIT Press, Cambridge, Massachusetts
  • LYONS, J. (2002) “Argentine Riot Poliçe Dispatched After Peso Plunge.” Buenos Aires, March 26 (Bloomberg)
  • LYONS, J & D. PLUMB (2002) “Argentina Riot Poliçe Dispatched After Peso Plunge.” Buenos Aires, March 26 (Bloomberg).
  • MISHKIN FS (1997) ‘The Causes and Propagation of Financial Instability: Lessons for Policy in a Global Economy.” Federal Reserve Bank of Kansas City.
  • MISHKIN F. S. (2001) “Financial Policies and the Prevention of Financial Crises in Emerging Market Countries.” NBER working paper.
  • ÖZEL Samhan (2000) Türkiye’de Enflasyon, Devalüasyon ve Faiz, Deniz Bank Yayınları No. 5.
  • REBELO S., C. Wegh (1995) “Real Effect of Exchange Rate-Based Stabilization: An Analysis of Compete Theories.” Macro-Economic Annual. NBER
  • BEATLE, A. (2002) “Rhodes urges banks to hold on in Argentina.” Washington
  • BAKER Dean.,(2002) “ The Role of Social Security Privatization in Argentina’s Economic Crisis”. Çenter for Economic and Policy Research, 2002.
  • SACHS J., A. Tomell, A. Valesco (1996) “Financial Crises in Emerging Markets: The lessons from 1995.” Brooking Papers on Economic Activity I.
  • SERİN, V.(1998) iktisat Politikası, Alfa, İstanbul.
  • STIGLITZ J. (2002) Globalization
  • TRAN, Mark, Argentina Agrees IMF Plan, Specia/ Report Argentina, January 2003
  • UYGUR Ercan (2001) “Krizden Krize Türkiye: 2000 Kasım ve 2001 Şubat Krizleri.” www.econturk.org/Türkiye.htm
  • UYGUR Ercan (2001) “İstikrar programı ve Ekonominin Sorunları Mali Sektör.”
Year 2004, Volume: 6 Issue: 22, 237 - 244, 10.06.2004
https://doi.org/10.14783/maruoneri.678814

Abstract

References

  • ALPAR Emre, Z. Öniş (2001) “Financial Flotation the Democratic Deficit and Recurrent Crises in Emerging Markets: The Turkish Experience in the Aftermath of Capital Account Liberalization.” Http: papers.sym.com
  • BOSTON, G. (2002) “Juggernought Joseph Stiglitz Zeroes in on Losses in the Developing World-Both Economic and Social Caused By the IMF’s Hegemony”, Boston Globe, July 28.
  • BRUNO Micheal. S. Fisher (1991) Lessons of Economic Stabilization and the Aftermath, The MIT Press
  • DORNBUSCH R. (2001) “A Primer on Emerging market Crises.” MIT
  • DORNBUSCH R. (1993) Stabilization, Dept and Reform. Prentice Hail, USA
  • DORNBUSCH R., S. Edwards, (1991) The Macroeconomics of Populism in Latin America, The University of Chicago Press, USA
  • FACKLER, J & McMillan (2002) “Evaluating Monetary Policy Options.” Southern Economic Journal, 68(4)
  • GRABBE, J. (1996) International Financial Markets, Prentice Hail, Englewood Cliffs, New Jersey.
  • IMF (1998) World Economic Outlook and International Capital Markets Interest Assessment.
  • KIGUEL M .A., N. Liviatan, (1991) The Inflation Stabilizations Cycles in Argentina and Brasil. The MIT Press
  • KRUGER, P.(1995J Currencies and Crises, The MIT Press, Cambridge, Massachusetts
  • LYONS, J. (2002) “Argentine Riot Poliçe Dispatched After Peso Plunge.” Buenos Aires, March 26 (Bloomberg)
  • LYONS, J & D. PLUMB (2002) “Argentina Riot Poliçe Dispatched After Peso Plunge.” Buenos Aires, March 26 (Bloomberg).
  • MISHKIN FS (1997) ‘The Causes and Propagation of Financial Instability: Lessons for Policy in a Global Economy.” Federal Reserve Bank of Kansas City.
  • MISHKIN F. S. (2001) “Financial Policies and the Prevention of Financial Crises in Emerging Market Countries.” NBER working paper.
  • ÖZEL Samhan (2000) Türkiye’de Enflasyon, Devalüasyon ve Faiz, Deniz Bank Yayınları No. 5.
  • REBELO S., C. Wegh (1995) “Real Effect of Exchange Rate-Based Stabilization: An Analysis of Compete Theories.” Macro-Economic Annual. NBER
  • BEATLE, A. (2002) “Rhodes urges banks to hold on in Argentina.” Washington
  • BAKER Dean.,(2002) “ The Role of Social Security Privatization in Argentina’s Economic Crisis”. Çenter for Economic and Policy Research, 2002.
  • SACHS J., A. Tomell, A. Valesco (1996) “Financial Crises in Emerging Markets: The lessons from 1995.” Brooking Papers on Economic Activity I.
  • SERİN, V.(1998) iktisat Politikası, Alfa, İstanbul.
  • STIGLITZ J. (2002) Globalization
  • TRAN, Mark, Argentina Agrees IMF Plan, Specia/ Report Argentina, January 2003
  • UYGUR Ercan (2001) “Krizden Krize Türkiye: 2000 Kasım ve 2001 Şubat Krizleri.” www.econturk.org/Türkiye.htm
  • UYGUR Ercan (2001) “İstikrar programı ve Ekonominin Sorunları Mali Sektör.”
There are 25 citations in total.

Details

Primary Language English
Journal Section Eski Sayılar
Authors

Vildan Serin This is me

Erişah Arıcan This is me

Publication Date June 10, 2004
Published in Issue Year 2004 Volume: 6 Issue: 22

Cite

APA Serin, V., & Arıcan, E. (2004). A COMPARISON OF THE EFFECTS OF THE IMF PROGRAMS DESIGNED TO DEAL WITH THE ECONOMIC CRISESIN TURKEY AND ARGENTINA. Öneri Dergisi, 6(22), 237-244. https://doi.org/10.14783/maruoneri.678814

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Marmara UniversityInstitute of Social Sciences

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