2001 Turkish Crisis Flashcard G345

Front

How did other financial crises like the Asian Financial Crisis and the Russian Financial Crisis impact the Turkish economy?

Back

A decline in global investor confidence caused significant capital outflows from Turkey’s emerging markets, exposing Turkey's economic vulnerability.

Front

What was one of the consequences of pegging the Lira to the USD?

Back

It overvalued the Lira, reducing exports

Front

How much did the stock market plunge?

Back

18%

Front

Which of the following was an impact on Turkish society? Deflation, Economic Prosperity, Government Change, Happy Citizens

Back

Government Change

Front

What was the main objective of the IMF’s $19 billion bailout package to Turkey?

Back

Stabilize financial markets and push for reforms

Front

Privatization in Turkey after the crisis was intended to: Improve efficiency and attract capital

Back

Improve efficiency and attract capital