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Revealing Turkey’s Public Debt Burden: A Transparent Payments Approach

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Author Info

  • Ertunc Alioglu

    (Brandeis University)

  • Can Erbil

    (Brandeis University & EcoMod)

  • Ferhan Salman

    (Research Department, The Central Bank of Turkey)

Abstract

We postulate a new method of identifying debt which we call Debt Burden (DB). We claim that DB reveals the true debt obligations of the fiscal authority. It is more accurate and transparent. Hence, DB would serve fiscal authority much better in policy making. It is powerful in a sense that it is calculated on a daily basis and can serve as a good policy measure since it includes projections into the future.

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File URL: http://128.118.178.162/eps/pe/papers/0409/0409004.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Public Economics with number 0409004.

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Length: 18 pages
Date of creation: 05 Sep 2004
Date of revision:
Handle: RePEc:wpa:wuwppe:0409004

Note: Type of Document - pdf; pages: 18
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Web page: http://128.118.178.162

Related research

Keywords: Debt burden; public debt; Turkey;

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  1. Erdal Karagol, 2002. "The Causality Analysis of External Debt Service and GNP : The Case of Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 2(1), pages 39-64.
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