The global economic and financial instability context of the 1990s and 2000s also affected the Turkish economy. Actually, the 1980s in Turkey are characterized by a radical transformation of its economy through significant efforts of liberalization. With an outlooking economy and a liberalized financial system in the early 1990s, Turkey was an example of successful liberalization process for th...

Correspondence to Dr Joel Negin; [email protected] THE NEED FOR WHO REFORM The Ebola epidemic has drawn unprecedented attention to the WHO and its deficiencies. However, WHO’s shortcomings are not limited to its mishandling of Ebola alone and extend more widely. Checchi et al highlight fundamental challenges in terms of structure, governance and prioritisation of political considerations...

shiffman rightly raises questions about who exercises power in global health, suggesting power is a complex concept, and the way it is exercised is often opaque. power that is not based on financial strength but on knowledge or experience, is difficult to estimate, and yet it may provide the legitimacy to make moral claims on what is, or ought to be, on global health agendas. twenty years ago p...

2 The Series " Documenti di Lavoro " of the Istituto di Studi e Analisi Economica – Institute for Studies and Economic Analyses (ISAE) hosts the preliminary results of the research projects carried out within ISAE. The diffusion of the papers is subject to the favourable opinion of an anonymous referee, whom we would like to thank. The opinions expressed are merely the Authors' own and in no wa...

We study how discount window policy affects the frequency of banking crises, the level of investment, and the scope for indeterminacy of equilibrium. Previous work has shown that providing costless liquidity through a discount window has mixed effects in terms of these criteria: it prevents episodes of high liquidity demand from causing crises, but can also lead to indeterminacy of stationary e...

the frequent occurrence of currency crises in recent years brought the early warning literature back in the researchers spotlight. in recent years, concept of an early warning system (ews) developed that should be able to identify various costly events, such as currency crises, early enough for policy makers to reduce the costs. this study attempted by using iran's economy quarterly data d...

Evidence shows that asset price bubbles typically precede financial crises and financial crises are accompanied by the collapse of bubbles. In addition, stock market booms and busts are typically associated with credit market booms and busts. The recent US housing and stock market bubbles and the subsequent Great Recession that began in late 2007 provide an example. The stock market booms in th...

It is difficult to disagree with the general argument that successful health reform requires a significant degree of policy capacity or that all players in the policy game need to move beyond self-interested advocacy. However, an overly broad definition of policy capacity is a problem. More important perhaps, health reform inevitably requires not just policy capacity but political leadership an...