IDEAS home Printed from https://ideas.repec.org/a/rnd/arjsds/v5y2014i1p7-13.html
   My bibliography  Save this article

Global Governance and Turkey’s Position in the Post-Global Crisis Period

Author

Listed:
  • Zehra Vildan SERÄ°N

Abstract

Following the most recent global crisis, the necessity for a new structuring in which developing countries more actively participate in the processes of global governance has become a current issue. The aim of this paper is to offer answers to the question that how should be a governance model in which China, Turkey, Brazil, India and other G-20 countries are more active decision-makers, instead of an international monetary system dominated by the USA. Firstly, the cause of the crisis, that is, the fact that USD relatively ceased to be the reserve money will be analyzed. Secondly, the process of transformation in the IMF administration in a way to allow G-20 countries a more active participation will be addressed. Finally, Turkey’s role in the restructuration of the global financial system -a process which had stemmed from the emergence of global governance through the integration of capital markets and excessive deregulation- will be analyzed, and policy recommendations for better global governance will be discussed.

Suggested Citation

  • Zehra Vildan SERÄ°N, 2014. "Global Governance and Turkey’s Position in the Post-Global Crisis Period," Journal of Social and Development Sciences, AMH International, vol. 5(1), pages 7-13.
    • Handle: RePEc:rnd:arjsds:v:5:y:2014:i:1:p:7-13
    DOI: 10.22610/jsds.v5i1.800
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/jsds/article/view/800/800
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/jsds/article/view/800
    Download Restriction: no
    File URL: https://libkey.io/10.22610/jsds.v5i1.800?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Yin-Wong Cheung & Hiro Ito, 2009. "A Cross-Country Empirical Analysis of International Reserves," International Economic Journal, Taylor & Francis Journals, vol. 23(4), pages 447-481.
    2. Joshua Aizenman & Reuven Glick, 2009. "Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance," International Finance, Wiley Blackwell, vol. 12(3), pages 351-386, December.
    3. Joshua Aizenman, 2008. "Large Hoarding Of International Reserves And The Emerging Global Economic Architecture," Manchester School, University of Manchester, vol. 76(5), pages 487-503, September.
    4. C Fred Bergsten, 2004. "The G-20 and the World Economy," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 5(3), pages 27-36, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joshua Aizenman & Reuven Glick, 2009. "Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance," International Finance, Wiley Blackwell, vol. 12(3), pages 351-386, December.
    2. Cheung, Yin-Wong & Sengupta, Rajeswari, 2011. "Accumulation of reserves and keeping up with the Joneses: The case of LATAM economies," International Review of Economics & Finance, Elsevier, vol. 20(1), pages 19-31, January.
    3. repec:grz:wpsses:2015-03 is not listed on IDEAS
    4. Aizenman, Joshua & Cheung, Yin-Wong & Qian, XingWang, 2020. "The currency composition of international reserves, demand for international reserves, and global safe assets," Journal of International Money and Finance, Elsevier, vol. 102(C).
    5. Braunstein, Jürgen, 2017. "Understanding the politics of bailout policies in non-Western countries: The use of sovereign wealth funds," LSE Research Online Documents on Economics 68472, London School of Economics and Political Science, LSE Library.
    6. Aizenman, Joshua, 2009. "On the paradox of prudential regulations in the globalized economy; International reserves and the crisis: a reassessment," Santa Cruz Center for International Economics, Working Paper Series qt5hx2x2kj, Center for International Economics, UC Santa Cruz.
    7. Aizenman, Joshua & Inoue, Kenta, 2013. "Central banks and gold puzzles," Journal of the Japanese and International Economies, Elsevier, vol. 28(C), pages 69-90.
    8. Florian Brugger, 2016. "Asias Reserve Accumulation: Part of a New Paradigm," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(8), pages 457-476, August.
    9. Po-Chin Wu & Chung-Chih Lee, 2018. "The non-linear impact of monetary policy on international reserves: macroeconomic variables nexus," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 45(1), pages 165-185, February.
    10. Aizenman, Joshua & Ito, Hiro & Pasricha, Gurnain Kaur, 2022. "Central bank swap arrangements in the COVID-19 crisis," Journal of International Money and Finance, Elsevier, vol. 122(C).
    11. Benecká, Soňa & Komarek, Lubos, 2018. "International reserves: Facing model uncertainty," Economic Systems, Elsevier, vol. 42(3), pages 523-531.
    12. Bahoo, Salman & Hassan, M. Kabir, 2019. "A model of the Islamic sovereign wealth fund," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 27, pages 2-22.
    13. Rajeswari Sengupta, 2014. "Firm dollar debt and central bank dollar reserves: Empirical evidence from Latin America," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2014-013, Indira Gandhi Institute of Development Research, Mumbai, India.
    14. Aizenman, Joshua & Sun, Yi, 2012. "The financial crisis and sizable international reserves depletion: From ‘fear of floating’ to the ‘fear of losing international reserves’?," International Review of Economics & Finance, Elsevier, vol. 24(C), pages 250-269.
    15. Mohaddes, M. & Nugent, J. & Selim, H., 2018. "Reforming Fiscal Institutions in Resource-Rich Arab Economies: Policy Proposals," Cambridge Working Papers in Economics 1848, Faculty of Economics, University of Cambridge.
    16. Broner, Fernando & Didier, Tatiana & Schmukler, Sergio L. & von Peter, Goetz, 2023. "Bilateral international investments: The big sur?," Journal of International Economics, Elsevier, vol. 145(C).
    17. Antonio Francisco A. Silva Jr, 2011. "The Self-insurance Role of International Reserves and the 2008-2010 Crisis," Working Papers Series 256, Central Bank of Brazil, Research Department.
    18. Jörg Bibow, 2010. "Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 7(2), pages 325-359.
    19. Chahir Zaki & Raimundo Soto & Ibrahim El Badawi, 2018. "Sovereign Wealth Funds, Cross-Border Investment Bias and Institutions: The Case of Arab Countries2," Working Papers 1173, Economic Research Forum, revised 25 Mar 2008.
    20. Stephany Griffith-Jones & José Antonio Ocampo, 2009. "Sovereign Wealth Funds : a Developing Country Perspective," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 241-254.
    21. Herrmann, Sabine & Winkler, Adalbert, 2009. "Real convergence, financial markets, and the current account - Emerging Europe versus emerging Asia," The North American Journal of Economics and Finance, Elsevier, vol. 20(2), pages 100-123, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arjsds:v:5:y:2014:i:1:p:7-13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/jsds .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.