We employ a panel causality approach in order to examine whether financial liberalization affects the magnitude of capital flight, which measures unrecorded accumulation of foreign assets by the private sector. Our data ...

This study argues that the understanding of politics that prevails in contemporary Turkey resonates with Ernesto Laclau’s perspective on Turkish politics of the 1930s. Adapting Laclau’s antagonistic politics to the analysis ...

A revisionist tone that has created several crisis has become more pronounced in Turkish foreign policy. This trend has been particularly evident after 2010 when the AKP consolidated its power base, the military's tutelage ...

Grand theories of international relations seek to produce general patterns, which are supposedly valid across time and space, yet fail to address particular actors and cases. According to Benjamin Most and Harvey ...

The results of the 2002 general election in Turkey came as a powerful shock to multifarious circles both within and outside the country. There were deep concerns that the ‘moderate’ Islamic-oriented Justice and Development ...

Turkey’s response to the Kurdistan Regional Government of Iraq’s independence referendum took most observers by surprise. The prevailing assumption was that, despite its vocal objections, Turkey would eventually just ...

We investigate claims of regional bias in the sovereign credit ratings given by the rating agencies Fitch, Moody's and Standard & Poor's by considering a wide range of macroeconomic, financial, institutional, regional and ...

Relative deprivation (RD) defines the feeling of being deprived of something that others have. Most studies of RD rely on within-country reference groups. This study is one of the few studies examining the role of global ...

We characterize the dynamic network structure of major oil producing countries. We examine the oil production coordination of 13 Organization of the Petroleum Exporting Countries (OPEC) and 17 non-OPEC members. We construct ...

This paper investigates the role of consumer credit growth and expansion of consumer financial services on the reduction of informal employment in a developing country. I argue that financial services growth should lead ...