Abstract:This article problematizes the political economic drivers of policy (non-)design, instrument choice, and how prolonged non-design could trigger policy accumulation with serious implications for policy capacity. Focusing on the currency crisis-induced economic crisis in Turkey and relying on elite interviews and secondary resources, it argues that the design space, which is defined by the interactions between the credit-led growth model and the growth regime that prioritizes loose monetary and bank regulatory p… Show more
“…TEM'in ve onun parasal ayağı olan 2021'deki para politikası deneyinin temel sorunu, net ve açık bir politika çerçevesinden yoksun olmasıdır (Coban, 2023). İkinci sorun, cari fazla veren ekonomi hedefine ulaşmada izlenecek yolun hatalı olmasıdır.…”
“…TEM'in ve onun parasal ayağı olan 2021'deki para politikası deneyinin temel sorunu, net ve açık bir politika çerçevesinden yoksun olmasıdır (Coban, 2023). İkinci sorun, cari fazla veren ekonomi hedefine ulaşmada izlenecek yolun hatalı olmasıdır.…”
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