Inside Authoritarian Neoliberalism: Banking Sector Instrumentalization in Hungary and Turkey

Authoritarian Neoliberalism and the Instrumentalization of the Banking Sector in Turkey and Hungary

This new study examines how banking systems can become powerful political tools under authoritarian neoliberal regimes. Focusing on Hungary and Turkey since the 2008 Global Financial Crisis, it explores how leaders have intervened in credit allocation to secure their political survival. Drawing on interviews, media reports, and official documents, the research offers a comparative look at how global financial hierarchies, domestic power blocs, and crisis dynamics shape the ways political elites use the banking sector to consolidate their rule.

Read the full article here.

Authors:

• Fulya Apaydin - Institut Barcelona d'Estudis Internacionals, Barcelona, Spain
• Dora Piroska - Department of International Relations, Central European University, Vienna, Austria
• M. Kerem Coban - School of Finance and Management, SOAS, University of London, UK