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Focuses on borrower default. This book uses a probit model to estimate the probability of default/rescheduling. It incorporates political variables, such as the level of democracy and political instability, in assessing country risk.

"This is a strong and important collection. The unifying thesis throughout refers to the ascendancy of a specifically Turkish form of Islamic capitalism. The main emphasis throughout concerns the contested character of this ascendancy at the highest levels of Turkish state and society. These are important and intimately interwoven themes...The collection leaves a clear impression that the roots of the recent battles over Taksim Square run deep; their implications will continue to simmer throughout the country. Nothing has been resolved." - Sidney Plotkin, Vassar College Islamist capital...