Deinstitutionalization of Central Banking in Turkey

The central banks are at the center of any financial system.

This talk discusses the changing features of public policy and administration in Turkey, comparing central banking under the presidential and parliamentary systems. It argues that the deinstitutionalization of conventional central banking norms and practices is the mirror image of new presidential public policymaking and administration. Not only did this process erode the policy capacity of the Central Bank but also that of the Turkish state. Therefore, one should not be surprised by current policy design and implementation failures, poor policy outcomes, and increased socioeconomic costs as these tendencies are not reversed.

ABOUT THE SPEAKER

Caner Bakır is a Visiting Fellow at Hoover Institution at Stanford University, a professor of Political Science at Koc University, and the Director of the Research Centre for Globalisation, Peace and Democratic Governance (GLODEM). His research in political economy and public policy focuses on comparative institutional analysis and policy change and has appeared in leading journals such as Policy Sciences, Governance, Public Administration, and Policy and Society. He is the Associate Editor of Policy Sciences and the Journal Comparative Policy Analysis, editorial board member of the Journal of Economic Policy Research, and the International Journal of Emerging Markets. In addition, he has authored and co-edited nine books. He is the recipient of The Scientific and Technological Research Institution of Turkey (TUBITAK) 2010 Incentive Award and 2008 Early Career Researcher Award.

This talk is co-sponsored by the Center for Research on Globalization, Peace, and Democratic Governance at Koc University.