Ilker Aslan
I have obtained my PhD in Economics. My primary research focus is macroeconomics, (re-)insurance, central bank policies, political economy, heterodox economics, modern monetary theory and financialization.
Phone: +41762111905
Phone: +41762111905
less
Related Authors
InterestsView All (8)
Uploads
Papers by Ilker Aslan
perpetuates and extends the economic inequality in Turkey. In contrast with the proponents of
the expansion of the consumer credit sector which see this enlargement as a venue to alleviate
the lack of credit opportunities to underprivileged (a.k.a. ―underserviced‖ in the banking jargon)
in the society and democratize the access to credit, an uncontrolled credit card boom is causing
the opposite effect and deepens the poverty of those who are unable to service their credit card
debts and have to bear additional debt burden at exorbitant interest rates. This causes a vicious
cycle where the cardholders are unable to honor their loans despite their effort and lead to mass
defaults which will hurt the banks, cardholders as well as the entire economy unless necessary
regulatory steps are implemented by the government.
This research is an attempt to demonstrate the incompatability of the neoclassically-inspired neoliberal model in theory and practice to the economic matters of modern Turkey. In an incre- asingly finance-centered economy, it is now more important than ever to rethink our economic paradigms and work on creating an economic model on the level of principles in order to bring about equitable income distribution and eliminate widespread unemployment. With these aims in mind, the author argues that the classical-Keynesian political economy is a more plausible theoretical alternative than neoliberalism and socialism. This work will provide an insight to the challenges in Turkish macroeconomic governance and showcase that classical-Keynesian answers are more fitting to answer Turkey’s chronic economic problems for the present and the future.
perpetuates and extends the economic inequality in Turkey. In contrast with the proponents of
the expansion of the consumer credit sector which see this enlargement as a venue to alleviate
the lack of credit opportunities to underprivileged (a.k.a. ―underserviced‖ in the banking jargon)
in the society and democratize the access to credit, an uncontrolled credit card boom is causing
the opposite effect and deepens the poverty of those who are unable to service their credit card
debts and have to bear additional debt burden at exorbitant interest rates. This causes a vicious
cycle where the cardholders are unable to honor their loans despite their effort and lead to mass
defaults which will hurt the banks, cardholders as well as the entire economy unless necessary
regulatory steps are implemented by the government.
This research is an attempt to demonstrate the incompatability of the neoclassically-inspired neoliberal model in theory and practice to the economic matters of modern Turkey. In an incre- asingly finance-centered economy, it is now more important than ever to rethink our economic paradigms and work on creating an economic model on the level of principles in order to bring about equitable income distribution and eliminate widespread unemployment. With these aims in mind, the author argues that the classical-Keynesian political economy is a more plausible theoretical alternative than neoliberalism and socialism. This work will provide an insight to the challenges in Turkish macroeconomic governance and showcase that classical-Keynesian answers are more fitting to answer Turkey’s chronic economic problems for the present and the future.