Credibility and class in the evolution of public banks: the case of Turkey

@article{Marois2016CredibilityAC,
  title={Credibility and class in the evolution of public banks: the case of Turkey},
  author={Thomas Marois and Ali Rıza G{\"u}ngen},
  journal={The Journal of Peasant Studies},
  year={2016},
  volume={43},
  pages={1285 - 1309}
}
In Turkey, three large and decades-old public banks control about a third of the banking sector. These banks were functional to capitalist industrialization in the postwar era and have evolved spontaneously in ways supportive of neoliberalism. These same banks played a key role in stabilizing Turkey amidst the 2008–2009 global crisis. This gives rise to the seeming contradiction of public banks supporting otherwise neoliberal development strategies. The literature around banking and development… Expand
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