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A Tale of Two Crises: Turkey of the Early Aughts and Today’s Lebanon

Author

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  • Altug, Sumru
  • Dagher, Leila

Abstract

Crises in emerging economies often involve capital flow reversals, devaluations, and large drops in real activity, and are typically caused by unsustainable fiscal positions, financial sector fragility, and political instability. All these factors were present in the crises endured by Turkey and Lebanon, albeit with a 20-year difference.

Suggested Citation

  • Altug, Sumru & Dagher, Leila, 2023. "A Tale of Two Crises: Turkey of the Early Aughts and Today’s Lebanon," MPRA Paper 117600, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117600
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    File URL: https://mpra.ub.uni-muenchen.de/117600/1/altug_dagher_final2.pdf
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    1. Altug, Sumru & Dagher, Leila, 2023. "A Tale of Two Crises: Turkey of the Early Aughts and Today’s Lebanon," MPRA Paper 117600, University Library of Munich, Germany.
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    Cited by:

    1. dagher, leila & altug, sumru, 2023. "The end game to Lebanon’s woes: IMF reform and political willingness," MPRA Paper 119192, University Library of Munich, Germany.

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    1. dagher, leila & altug, sumru, 2023. "The end game to Lebanon’s woes: IMF reform and political willingness," MPRA Paper 119192, University Library of Munich, Germany.

    More about this item

    Keywords

    lebanon; turkey; imf; economic crisis;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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