The Political Consequences of Dependent Financialization: Capital Flows, Crisis and the Authoritarian Turn in Turkey

dc.authorid Coban, Mehmet Kerem/0000-0003-3226-6340
dc.authorid Apaydin, Fulya/0000-0001-7208-5857
dc.authorwosid Coban, Mehmet Kerem/N-2641-2014
dc.contributor.author Apaydin, Fulya
dc.contributor.author Çoban, Mehmet Kerem
dc.contributor.author Coban, Mehmet Kerem
dc.date.accessioned 2023-10-19T15:12:22Z
dc.date.available 2023-10-19T15:12:22Z
dc.date.issued 2023
dc.department-temp [Apaydin, Fulya] Inst Barcelona Estudis Int, Barcelona, Spain; [Coban, Mehmet Kerem] Kadir Has Univ, Polit Sci & Publ Adm, Istanbul, Turkey en_US
dc.description.abstract Recent debates on financialization in emerging market economies highlight the terms of unequal exchange that they are embedded in, where international capital flows steered by powerful financial actors and transnationalized banks have a major impact on economic growth performance. As a result, many of the small open economies in the Global South have become increasingly sensitive to international market volatilities, as the post-2008 Global Financial Crisis (GFC) episode has shown. Yet, we know much less about the political implications of these interactions. How do unequal financial relations influence political trajectories in emerging market economies? Using process tracing and based on original evidence from Turkey, we find that when GDP growth is dependent on financial inflows under a credit-led growth model, the constraints on the domestic policy space following an economic crisis allowed the ruling party to instrumentalize monetary and regulatory institutions as financial agents of political repression. en_US
dc.description.sponsorship Spanish Ministry of Science, Innovation and Universities [PGC2018-093719-A-I00] en_US
dc.description.sponsorship This project is financed by the Spanish Ministry of Science, Innovation and Universities, grant no. PGC2018-093719-A-I00. en_US
dc.identifier.citationcount 15
dc.identifier.doi 10.1080/09692290.2022.2083658 en_US
dc.identifier.endpage 1072 en_US
dc.identifier.issn 0969-2290
dc.identifier.issn 1466-4526
dc.identifier.issue 3 en_US
dc.identifier.scopus 2-s2.0-85131591212 en_US
dc.identifier.scopusquality Q1
dc.identifier.startpage 1046 en_US
dc.identifier.uri https://doi.org/10.1080/09692290.2022.2083658
dc.identifier.uri https://hdl.handle.net/20.500.12469/5426
dc.identifier.volume 30 en_US
dc.identifier.wos WOS:000807060400001 en_US
dc.identifier.wosquality Q1
dc.khas 20231019-WoS en_US
dc.language.iso en en_US
dc.publisher Routledge Journals, Taylor & Francis Ltd en_US
dc.relation.ispartof Review of International Political Economy en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.scopus.citedbyCount 24
dc.subject Monetary-Policy En_Us
dc.subject Democratization En_Us
dc.subject Neoliberalism En_Us
dc.subject Determinants En_Us
dc.subject Financialisation En_Us
dc.subject Liberalization En_Us
dc.subject Transmission En_Us
dc.subject Banking En_Us
dc.subject Economy En_Us
dc.subject Regime En_Us
dc.subject Monetary-Policy
dc.subject Democratization
dc.subject Neoliberalism
dc.subject Determinants
dc.subject Financialisation
dc.subject Dependent financialization en_US
dc.subject Liberalization
dc.subject monetary policy en_US
dc.subject Transmission
dc.subject emerging markets en_US
dc.subject Banking
dc.subject democratic backsliding en_US
dc.subject Economy
dc.subject AKP en_US
dc.subject Regime
dc.subject Turkey en_US
dc.title The Political Consequences of Dependent Financialization: Capital Flows, Crisis and the Authoritarian Turn in Turkey en_US
dc.type Article en_US
dc.wos.citedbyCount 20
dspace.entity.type Publication
relation.isAuthorOfPublication 5f0429ea-7083-4fbb-9508-7e2dc86fc44b
relation.isAuthorOfPublication.latestForDiscovery 5f0429ea-7083-4fbb-9508-7e2dc86fc44b

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