2018
DOI: 10.4324/9781315187167
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Inflation and Disinflation in Turkey

Abstract: In this short chapter, it is shown that the link between seigniorage and inflation is nonlinear in Turkey and that the seigniorage-maximizing rate of inflation cannot deviate from the world inflation. Therefore, a seigniorage loss should not be concern for authorities after a successful stabilization program.

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Cited by 6 publications
(1 citation statement)
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“…The speed and sequence of privatization has been a subject of comparison between nations. For example, during the 1990s, some countries such as Argentina and Chile implemented privatization rapidly (Makholm, 2020;Sigmund, 2019); while others adopted a much gradual approach to privatization such as India and Turkey (Ertugrul & Selguk, 2017;Gupta, Jain, & Yadav, 2020).…”
Section: Introductionmentioning
confidence: 99%
“…The speed and sequence of privatization has been a subject of comparison between nations. For example, during the 1990s, some countries such as Argentina and Chile implemented privatization rapidly (Makholm, 2020;Sigmund, 2019); while others adopted a much gradual approach to privatization such as India and Turkey (Ertugrul & Selguk, 2017;Gupta, Jain, & Yadav, 2020).…”
Section: Introductionmentioning
confidence: 99%