Documents & Reports

The 1994 currency crisis in Turkey (English)


As a result of Turkey's currency crisis in 1994, output fell 6 percent, inflation rose to three-digit levels, the Central Bank lost half of its reserves, and the exchange rate (against the US dollar) depreciated by more than half in the first three months...  See More +


  • Celasun, Oya;
  • 1998/04/30
  • Policy Research Working Paper;
  • WPS1913
  • 1
  • 1
  • Turkey
  • Europe and Central Asia
  • 2010/07/01
  • The 1994 currency crisis in Turkey
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