THE EVOLUTION OF TURKEY'S FINANCIAL STABILITY (2002-2018): A COMPREHENSIVE STUDY

Abstract

In an era of increasing globalization and technological integration, the dynamics of economies, both emerging and developed, are subject to diverse economic imbalances. The need to maintain macroeconomic equilibrium has become paramount in this evolving landscape, and this need has given rise to the concept of sustainability. Sustainability, while lacking a precise definition in economic literature, generally encapsulates the notion of sustaining economic continuity and providing the necessary sufficiency for its perpetuation. It encompasses not only the stability of macroeconomic indicators but also the harmonious interaction and coherence among these indicators. Fiscal sustainability, as the earliest concept linked to economic sustainability, plays a pivotal role in this context. This abstract explores the multifaceted facets of economic sustainability, particularly in the context of fiscal sustainability.