Globalisation and Deglobalisation- Turkey

8 Pages Posted: 13 Feb 2019

Date Written: December 21, 2018


Globalisation has contributed positively to the global economy in terms of economic growth and welfare. However, especially amid rising global interdependence, closer synchronisation of business and financial cycles and stronger linkages across monetary, macroprudential and fiscal policies, as well as burgeoning protectionist sentiments, the changes it causes in the flow of goods, services, capital and people can also be disruptive, destabilising processes of production and funding. Future policies should aim to maintain stability while ensuring that efficient flows can be maintained.

Full Publication: Globalisation and Deglobalisation

Keywords: policy linkages, business cycles, financial cycles, capital movements, goods and services trade, migration, spillovers, emerging markets

JEL Classification: F10, F21, F22, F60, E3, E63

Suggested Citation

Republic of Turkey, Central Bank of the, Globalisation and Deglobalisation- Turkey (December 21, 2018). BIS Paper No. 100x, Available at SSRN:

Central Bank of the Republic of Turkey (Contact Author)

Central Bank of Turkey


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