EXCHANGE RATE MANAGEMENT AS A POLITICAL SURVIVAL STRATEGY OF THE AKP (2021-2023)

Date

2025-1-10

Author

TOLA, TUBA

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

83
views

0
downloads

Cite This

This thesis analyzes how the AKP instrumentalized exchange rate management as part of its efforts of navigating the costs of expansionary policies within the constraints of dependent structure of the economy in the period leading up to 2023 elections and identifies possible patterns embedded in these strategies. Within this framework, this thesis contributes to literature, by analyzing exchange rate management mechanisms as part of political survival strategies of the AKP and aim to locate political survival studies into the global context. The thesis establishes a model that facilitates understanding and analysis of the policy options available to incumbents in developing economies within structural constraints. The central argument of the thesis is that, the AKP, as a party with a dominant political survival incentive, and operating in a dependent economy, instrumentalized exchange rate management as part of its political survival strategies and tried to transcend the constraints of structural dependencies of the economy, by employing coercive and incentive-based exchange rate management strategies and reserve sales of the central bank, which have predominantly been implemented through the regulatory frameworks of the TCMB, BDDK and the Treasury. These measures have predominantly been characterized by their palliative, manipulative, and innovative nature, and often been implemented in a ‘shuttle way of regulating’ which resulted in ‘augmented control over actors’. Another important argument is that contradictions and inconsistencies are intrinsic to the political survival strategies of the AKP, due to the dependent structure of the economy and the palliative, reactive nature of these strategies.

Subject Keywords

Exchange Rate Management, Political Survival, Dependent Economy, Global Liquidity, Türkiye Economy Model

URI

https://hdl.handle.net/11511/113466

Collections

Graduate School of Social Sciences, Thesis