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Global economies have been caught in a perfect storm, which nearly devastated the international financial system. Timely and decisive intervention by governments and financial institutions helped restore stability. However, the full impact of systemic risk and of certain persistent problems has yet to be fully resolved. This paper evaluates the experience of Turkey in successfully weathering the recent crisis. It highlights the significant role played by the country’s robust banking sector in enhancing the economy’s resilience to the crisis.

 
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Ziya Akkurt
Ziya Akkurt
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Foreword Following the violent dissolution of the former Yugoslavia in the 1990s, there had been a shared sense of hope for a more peaceful future for the European continent. Unfortunately, this comfortability disappeared after Russian President Vladimir Putin ordered his troops to march against the Ukrainian forces throughout the border on 24 February 2022. This marked a turning point not only for the...
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