The Turkish Competition Authority is keeping step with the market during the global financial crisis

In 2008, a global financial crisis, which is being evaluated by leading economists as the worst financial crisis that the market has experimented in modern times, has occurred due to global inflation, increased unemployment, high oil and food prices, a declining dollar value, real estate mortgages in the United States and deregulation in the financial markets. Especially deregulation in the financial markets is being pointed out as the main reason of this global financial crisis. This may even be interpreted as that the reason behind the instability of the financial market and therefore the financial crisis is not applying the competition rules and procedures in the market properly. In order to overcome this crisis, the governmental authorities started to issue regulations by moving

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  • Philip Morris International (Istanbul)

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Göknil Emdi, The Turkish Competition Authority is keeping step with the market during the global financial crisis, 30 September 2009, e-Competitions September 2009, Art. N° 29843

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