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Turkey: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on Turkey discusses the new monetary framework adopted by the Central Bank of Republic of Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation pressures intensify and lowering it as they abate. The first version of the framework does not seem to have achieved significant reduction in external and internal imbalances, but the second version of the framework has witnessed an unwinding of imbalances.

Suggested Citation

  • International Monetary Fund, 2012. "Turkey: Selected Issues," IMF Staff Country Reports 2012/339, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/339
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40184
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    References listed on IDEAS

    as
    1. Caroline Van Rijckeghem, 2010. "Determinants of Private Saving in Turkey: An Update," Working Papers 2010/04, Bogazici University, Department of Economics.
    2. Christopher D. Carroll & David N. Weil, 1993. "Saving and growth: a reinterpretation," Working Papers 1993-36, Brown University, Department of Economics.
    3. Carroll, Christopher D. & Weil, David N., 1994. "Saving and growth: a reinterpretation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 133-192, June.
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    Cited by:

    1. Bozoglu, Mehmet & Bilgic, Abdulbaki & Yen, Steven T. & Huang, Chung L., 2013. "Household food expenditures at home and away from home in Turkey," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149737, Agricultural and Applied Economics Association.

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