Policymakers can mitigate post-crises unemployment effects: Turkey’s Başçı


Erdem Başçı, the governor of the Central Bank of Turkey, on July 7 said policymakers can limit employment losses during financial crises by mitigating the deterioration in credit conditions.

At the International Economic Association's 6th World Congress in Beijing, China, Başçı presented a paper entitled: Financial Shocks and Industrial Employment. Başçı said that while the role of financial constraints as a determinant of firms' investment decisions was well-established in the academic

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