This book investigates the structural, political, and economic factors that precipitated the severe financial crises in Turkey during 2000 and 2001. The authors, Barry Rubin and Ziya Öniş, utilize a multidisciplinary approach to analyze the intersection of domestic policy failures and international financial pressures. By examining the transition from stabilization programs to systemic collapse, the text provides a framework for understanding the volatility inherent in emerging market economies during the turn of the millennium.

Experts recognize this work as a significant contribution to the study of Turkish political economy during a pivotal period of instability. Readers frequently note the academic rigor and the detailed historical context provided by the authors to explain complex macroeconomic shifts.