The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey

Opinion

Orkun Saka
Author: Orkun Saka

Nbr. Publication(s): 6
Position: Assistant professor
Affiliation: City, University of London
Member of PolEconFin since: 06 Jul 2021

Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further into its political colors. This piece discusses the implications of the recent stand-off between central and local governments and explores in detail how the costs of political misalignment may affect the banks’ lending practices in the country.

# Tags: Bank credit | Central government | Local government | Political polarization

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