Financial liberalization was carried out during a period when the nonfinancial corporate sector was in financial distress due to reduced profitability. The consequent emergence of substantial nonperforming loans in the banking sector, especially among smaller banks, created fierce competition for financial rates. Instead of forcing insolvent borrowers into bankruptcy, banks refinanced nonperforming loans as a way to prolong their own survival, and...
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DETAILS
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1989/01/31
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Policy Research Working Paper
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WPS147
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1
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1
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2010/07/01
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The private sector's response to financial liberalization in Turkey : 1980-82
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rate of growth of money
Citation
Atiyas,Izak.
The private sector's response to financial liberalization in Turkey : 1980-82 (English). Policy, Planning and Research Department working papers ; no. WPS 147 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/245901468760494639