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Citation

Montagnoli A & Napolitano O (2003) Dynamics of inflation in Turkey during the 1990s. Applied Economics Letters, 10 (10), pp. 647-650. https://doi.org/10.1080/1350485032000125209

Abstract
This article assesses the credibility of disinflation programmes in Turkey during the nineties, where several programmes of reform took place. The empirical results show that there was a sharp loss of credibility at the end of the 1991 and at the beginning of the 1994 and during the Asian crisis. The programme that the Central Bank implemented after the crisis was able to increase the level of credibility of the CBRT policies. Loss of credibility is registered during the end of the 1995, while various political events took place and during the 1997 following the world economic conditions and the outflow of capitals.

Journal
Applied Economics Letters: Volume 10, Issue 10