Authoritarian neoliberalism and the instrumentalization of the banking sector in Turkey and Hungary

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• dc.contributor.author Apaydin, Fulya
• dc.contributor.author Piroska, Dora
• dc.contributor.author Coban, Mehmet Kerem
• dc.date.accessioned 2025-09-09T11:47:46Z
• dc.date.available 2025-09-09T11:47:46Z
• dc.date.issued 2025
• dc.description Data de publicació electrònica: 05-08-2025
• dc.description.abstract This paper studies the evolution of the domestic banking sector in Hungary and Turkey where Viktor Orban and Recep Tayyip Erdogan have intervened to politically control credit allocation. We argue that both leaders have instrumentalized the banking sector to serve their political needs rather than following a developmentalist agenda under authoritarian neoliberalism. This occurred through two distinct patterns following the 2008 Global Financial Crisis in an attempt to ensure their political survival: while Orban intervened in the banking sector to secure partisan access to consumption, Erdogan did so to ensure partisan business access to cheap credit. These policy preferences reveal additional components of an autocrat’s toolkit for political survival, which are strongly influenced by the constellation of dominant social bloc interests and the relative position of their national economies within the overall global financial hierarchy.en
• dc.description.sponsorship The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: Austrian Science Fund; PAT1549723 - Stand Alone Project; Ministerio de Ciencia, Innovacion y Universidades (Spain); PGC2018-093719-A-I00, and Ministerio de Ciencia, Inovacion y Universidades (Spain); PID2023-150332NB-I00; PRIDEBT PID2023 - 150332NB - I00 financiado por MCIU/AEI/10.13039/501100011033/FEDER, UE.en
• dc.format.mimetype application/pdf
• dc.identifier.citation Apaydin F, Piroska D, Coban MK. Authoritarian neoliberalism and the instrumentalization of the banking sector in Turkey and Hungary. Compet Change. 2025 Aug 5. DOI: 10.1177/102452942513612
• dc.identifier.doi http://dx.doi.org/10.1177/10245294251361208
• dc.identifier.issn 1024-5294
• dc.identifier.uri http://hdl.handle.net/10230/71176
• dc.language.iso eng
• dc.publisher SAGE Publications
• dc.relation.ispartof Competition & Change. 2025 Aug 5
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PE/PGC2018-093719-A-I00
• dc.relation.projectID info:eu-repo/grantAgreement/ES/3PE/PID2023-150332NB-I00
• dc.relation.projectID info:eu-repo/grantAgreement/ES/3PE/PID2023-150332NB-I00
• dc.rights © The Author(s) 2025. This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage).
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by/4.0/
• dc.subject.keyword Authoritarian neoliberalismen
• dc.subject.keyword Bankingen
• dc.subject.keyword Instrumentalizationen
• dc.subject.keyword Hungaryen
• dc.subject.keyword Turkeyen
• dc.title Authoritarian neoliberalism and the instrumentalization of the banking sector in Turkey and Hungaryen
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/publishedVersion