Abstract
Financial sector reforms completed after the 2001 crisis and improved public debt dynamics helped Turkey’s economy amidst the global economic crisis. Under favourable international liquidity conditions, in 2010 the economic recovery was stronger than expected. However this rapid growth led to a widening current account deficit, while inflation was still tamed as unemployment remained relatively high. The establishment of a modern securities market in Turkey dates back to early 1980’s when a macro-economic approach aiming to liberalize the country’s economy was adopted. The studies are continuing in a wide range of areas including the justice system, regulatory and supervisory framework, diversification of financial services, taxation policies, human resources and infrastructure via working committees. Our Association is involved in every step of the project.
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