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Turkey at the Crossroads: From Crisis Resolution to EU Accession

Author

Listed:
  • Mr. Donal McGettigan
  • Mr. Xavier Debrun
  • Mr. Mark E Griffiths
  • Mr. Reza Moghadam
  • Mr. Ernesto Ramirez Rigo
  • Mr. Martin Schindler
  • Mr. Mats A Josefsson
  • Cheng Hoon Lim
  • Mr. Christian Keller
  • Mr. Christoph A Klingen
  • Mr. Chris Lane
  • Oya Celasun
  • Mr. Ashoka Mody
  • Mr. Dewitt D Marston
  • Mathew A. Verghis

Abstract

The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector reform, and labor markets. The analysis assesses the effectiveness of macroeconomic stabilization and structural reforms since the crisis and provides guideposts for future policy.

Suggested Citation

  • Mr. Donal McGettigan & Mr. Xavier Debrun & Mr. Mark E Griffiths & Mr. Reza Moghadam & Mr. Ernesto Ramirez Rigo & Mr. Martin Schindler & Mr. Mats A Josefsson & Cheng Hoon Lim & Mr. Christian Keller & M, 2005. "Turkey at the Crossroads: From Crisis Resolution to EU Accession," IMF Occasional Papers 2005/006, International Monetary Fund.
  • Handle: RePEc:imf:imfops:2005/006
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18033
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    Citations

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    Cited by:

    1. Erdem Basci, 2006. "Credit growth in Turkey: drivers and challenges," BIS Papers chapters, in: Bank for International Settlements (ed.), The banking system in emerging economies: how much progress has been made?, volume 28, pages 363-75, Bank for International Settlements.

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