By Sada Garibova

January 19, 2022

While economic experts predict that Turkey’s new economic model will inevitably send the Turkish economy into a deep recession and impoverish its population, the regime is undeterred, and its commitment to new, unorthodox economic and monetary policies is unwavering. Given the historical pattern, a popular backlash is unlikely, and it would in any case not be allowed to imperil the survival of the regime. President Recep Tayyip Erdoğan is fully backed by the nationalist cadres of the state bureaucracy. The collapse of the lira may ultimately be more likely to pave the way for a more entrenched, authoritarian regime than to boost the prospects of the opposition.

Bahçeli Erdogan 

Published in Articles

By Barış Soydan 

December 10, 2020

President Recep Tayyip Erdoğan is certainly right to point to the need of reforms to restore the confidence of international investors in Turkey. Yet his determination, and assuming that he’s sincere, his ability to see reforms through is very much in doubt. Besides, Erdoğan retains a hands-on approach to monetary policy even after the departure of his son-in-law Berat Albayrak from the Ministry of Finance. He may well decide once again to stimulate the economy with cheaper and larger amounts of credit, which would inevitably further destabilize the Turkish economy.

 

Albayrak Original

Published in Articles

By Barış Soydan

August 22,  2018

Last year, Turkey was the fastest growing economy among the G20 countries. Now it is going through a severe currency crisis. The lira has lost more than 40 percent against the US dollar this year. A recession is at the door. President Recep Tayyip Erdoğan accuses the United States of waging economic 'war' against Turkey and has threatened to ‘look for new allies’. Yet Turkey has no alternative to Western capital, and will sooner or later going to have to do whatever it takes to restore the confidence of Western investors.

 Screen_Shot_2018-08-22_at_12.53.27_PM.png

Published in Articles

By Gareth H. Jenkins

June 20,  2018

The rapid depreciation in the value of the Turkish Lira since the beginning of 2018 is the product not only of the collapse of any remaining vestiges of investor confidence in the regime of President Recep Tayyip Erdoğan but a symptom of the failure of the ruling Justice and Development Party (AKP) to address the long-standing structural vulnerabilities of the Turkish economy.

 

 Screen_Shot_2018-06-19_at_6.30.43_AM.png

Published in Articles

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Joint Center Publications

Op-ed Halil Karaveli "The Rise and Rise of the Turkish Right", The New York Times, April 8, 2019

Analysis Halil Karaveli "The Myth of Erdogan's Power"Foreign Policy, August 29, 2018

Analysis Svante E. Cornell, A Road to Understanding in Syria? The U.S. and TurkeyThe American Interest, June 2018

Op-ed Halil Karaveli "Erdogan Wins Reelection"Foreign Affairs, June 25, 2018

Article Halil Karaveli "Will the Kurdish Question Secure Erdogan's Re-election?", Turkey Analyst, June 18, 2018

Research Article Svante E. Cornell "Erbakan, Kisakürek, and the Mainstreaming of Extremism in Turkey", Current Trends in Islamist Ideology, June 2018

Analysis Svante E. Cornell "The U.S. and Turkey: Past the Point of No Return?"The American Interest, February 1, 2018

Op-ed Svante E. Cornell "Erdogan's Turkey: the Role of a Little Known Islamic Poet", Breaking Defense, January 2, 2018

Research Article Halil Karaveli "Turkey's Authoritarian Legacy"Cairo Review of Global Affairs, January 2, 2018

 

The Turkey Analyst is a publication of the Central Asia-Caucasus Institute & Silk Road Studies Joint Center, designed to bring authoritative analysis and news on the rapidly developing domestic and foreign policy issues in Turkey. It includes topical analysis, as well as a summary of the Turkish media debate.

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