Market Failures In Economic Schools and Financial Crisis Approach: A Post Keynesian Analysis On The 2001 Financial Crisis In Turkey

Year 2019, Volume: 7 Issue: 3, 95 - 105, 24.06.2019

Ömer Tuğsal Doruk

https://doi.org/10.18506/anemon.462995

Abstract

Financial
crisis approach in the macroeconomic analysis is based on the different assumptions
of economic thought schools. In this paper, the financial crisis approach is
investigated for the 2001 financial crisis, which is one of the most severe
financial crises the Turkish economy experienced, in the Post Keynesian
economic thought framework in a comparative way. Generally, the Post Keynesian
economic thought has a more comprehensive and alternative approach for the 2001
financial crisis in the Turkish economy and described the main reasons for this
crisis in a better way.  

Keywords

Financial crisis, Market failures, Comparative financial crisis analysis, The Turkish 2001 financial Crisis

İktisat Okullarında Piyasa Başarısızlıkları Ve Finansal Kriz Yaklaşımı: Türkiye’de 2001 Finansal Krizi Üzerine Post Keynesyen Bir Analiz

Abstract

Finansal
kriz yaklaşımı, makro iktisadi analizde iktisat okulları tarafından farklı
varsayımlara dayanmaktadır. Bu çalışmada finansal kriz yaklaşımı, Post
Keynesyen iktisat okulu çerçevesinde Türkiye ekonomisinde yaşanan en ağır
finansal krizlerden birisi olan 2001 finansal krizi açısından karşılaştırmalı
olarak incelenmektedir. Genel itibariyle Post Keynesyen iktisat okulunun
Türkiye ekonomisinde 2001 finansal krizini açıklamada alternatif bir yaklaşıma
sahip olduğu ve krizin ana nedenlerini daha iyi açıkladığı görülmektedir.

Keywords

Finansal Kriz, Piyasa Başarısızlıkları, Karşılaştırmalı Finansal Kriz Analizi, Türkiye 2001 Finansal Krizi

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