Turkey’s Turhan: globalisation needs legislative underpinning
As the process of financial, economic and political globalisation was irreversible, the legislation of globalisation should be first item on the global policy agenda, said Ibrahim Turhan, a deputy governor of the Central Bank of Turkey.
Turnhan said the policy decisions made at the national level have cross-border financial and macroeconomic spillovers in an integrated world economy. Therefore, he said, legitimate and supranational mechanisms should be established to monitor the global effects
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