The Story of a Stabilization Effort: Turkey (2000-2002)
AbstractThe purpose of the paper is to give an overview of the Turkish economy before and during the implementation of two different stabilization programs over the 2000-2002 period. Reforms undertaken and things that need to be done in both general terms and in the monetary and fiscal area are listed. The targets of the program are compared with the realizations. Success of the program is discussed in reference to developments in the main economic indicators. The most significant issue remaining concerns debt sustainability. Hence this topic is given special attention against the background of debt stock composition.
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Bibliographic InfoPaper provided by ERC - Economic Research Center, Middle East Technical University in its series ERC Working Papers with number 0305.
Length: 24 pages
Date of creation: May 2003
Date of revision: May 2003
Find related papers by JEL classification:
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
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- Kalpana Kochhar & Prakash Loungani & Mark R. Stone, 1998. "The East Asian Crisis - Macroeconomic Developments and Policy Lessons," IMF Working Papers 98/128, International Monetary Fund.
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