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on Central and Western Asia |
| By: | Avni Önder Hanedar (Sakarya University, Faculty of Political Sciences, Sakarya-Turkey and Dokuz Eylül University, Faculty of Business, Izmir-Turkey; Yeditepe University, Faculty of Economics and Administrative Sciences, Istanbul-Turkey); Sercan Demiralay (Istanbul Gelisim University, Faculty of Economics, Business Administration and Social Sciences, Istanbul-Turkey); Ismail Altay (Recep Tayyip Erdogan University, Faculty of Economics and Administrative Sciences, Rize-Turkey) |
| Abstract: | Between 1914 and 1918, the Ottoman Empire was involved in the First World War, which caused economic disruptions, huge budget deficits, surmounted inflation rates and excessive devaluation of Lira, the Ottoman currency. Based on the value of Lira against the currencies of three selected countries that were not in the war, we focus on the effects of news about the war on the foreign exchange rates at the Istanbul bourse from 1918 to 1919. Our results signify some dates, which match the official announcements of the war events and/or the official treaties. |
| Keywords: | The Istanbul bourse, foreign exchange trading, the First World War, the armistices, economic recovery |
| JEL: | G1 N25 N45 |
| Date: | 2017–02 |
| URL: | http://d.repec.org/n?u=RePEc:hes:wpaper:0108&r=cwa |
| By: | Alexey Tenetko (Russian Presidential Academy of National Economy and Public Administration, Chelyabinsk branch) |
| Abstract: | The article gives general characteristics to Eurasian Union as a new regulative mechanism. The author also enumerates the problems of this mechanism |
| Keywords: | Eurasian Union, supranational mechanisms of regulation, integration |
| JEL: | F0 |
| Date: | 2016–12 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:ppaper:ch1630&r=cwa |
| By: | Alexey Tenetko (Russian Presidential Academy of National Economy and Public Administration, Chelyabinsk branch) |
| Abstract: | The article analyzes the most characteristic features of integrative processes in the former Soviet Union area, considers the aspects of developing regulative mechanisms of Eurasian Union including peculiarities of the Republic of Kazakhstan participating in these processes. |
| Keywords: | Eurasian Economic Union, integrative unions, Kazakhstan, integration, international economic organizations |
| JEL: | F0 |
| Date: | 2016–12 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:ppaper:ch1629&r=cwa |
| By: | Serife Genc Ileri; Gonul Sengul |
| Abstract: | Recent literature focuses on the relationship between rise of services and female employment, arguing that the former is the driving force behind the rise in the latter in developed economies. In this paper we challenge this link by focusing on a developing country. Turkey stands out among other OECD countries with its unusually low female employment rate accompanied with a quite low service employment share. We investigate whether the female employment rate in Turkey will ascend to the current ranks of developed countries when it catches up with the current service shares of employment of those countries. We address this question in a multi sector structural transformation model with goods, service and home production. Using the calibrated model, we simulate the structural transformation path of the economic activity in Turkey away from other sectors into services. Our results suggest that rise of services by itself is not sufficient to generate the increase in female employment that is comparable to the experiences of developed countries. High comparative advantage of females in service sector is needed to achieve the desired increase, the channel that lacks in the Turkish case. More research is needed to understand the roots of female comparative advantage in service sector and its links to structural transformation. |
| Keywords: | Female labor supply, Structural transformation, Home production, Sectoral labor allocation |
| JEL: | E24 J16 J22 |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:tcb:wpaper:1702&r=cwa |
| By: | Yusuf Soner Baskaya; Julian di Giovanni; Sebnem Kalemli-Özcan; José-Luis Peydró; Mehmet Fatih Ulu |
| Abstract: | We examine the role of the international credit channel in Turkey over 2005–2013. We show that larger, more capitalised banks with higher non-core liabilities increase credit supply when capital inflows are higher. This result is stronger for domestic banks relative to foreign banks and survives during the crisis period of post 2008, when foreign banks in general stop lending in emerging markets and retreat to their home countries. By decomposing capital inflows into bank and non-bank flows, we show the importance of domestic banks’ external borrowing for domestic credit growth. |
| Keywords: | Capital flows, bank-lending channel, bank heterogeneity |
| JEL: | E0 F0 F1 |
| Date: | 2017–01 |
| URL: | http://d.repec.org/n?u=RePEc:bge:wpaper:952&r=cwa |
| By: | Imai, Kohei |
| Abstract: | This study aims to explore Middle Eastern contributions to a homegrown theory of international relations. The key issue in non-Western international relations theory (NWIRT) concerns "whose perspective." Perspective from West or core states, non-West or periphery is only object of case studies in international relations. First, this paper defines what NWIRT is. Second, it outlines the relationship between international relations theory and the Middle East. The third part uses the case of Turkey to accept and develop Western international relations theory (WIRT) as an example of a second type of homegrown NWIRT. Finally, the concluding part examines the importance and limitations of NWIRT. |
| Keywords: | Non-Western international relations theory (NWIRT), Western international relations theory (WIRT), Middle East, Turkey, International relations, Foreign relations |
| Date: | 2017–01 |
| URL: | http://d.repec.org/n?u=RePEc:jet:dpaper:dpaper629&r=cwa |