Orkun Saka

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    Financial crises and the dynamics of financial de-liberalisation

Financial crises and the dynamics of financial de-liberalisation

Financial crises play a key role in changing existing policies concerning financial markets and institutions. Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli provide new evidence for the negative impact of financial crises on the process of financial liberalisation. They also show that such interventions are only temporary and that the liberalisation process restarts quickly […]

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How state-owned banks in Turkey support the ruling party

Government ownership of banks can help solve credit market failures and stabilise the supply of credit over the business cycle. However, it can also end up serving political interests and lead to a misallocation of financial resources. Çağatay Bircan and Orkun Saka provide new evidence that state-owned banks systematically engage in tactical redistribution of credit in line with the […]

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