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Fi̇nanci̇al Di̇sci̇pli̇nary Efforts Free From Imf İn Turkey

Author

Listed:
  • ILHAN EROGLU

    (Gaziosmapasa University, The Faculty of Economics and Administrative Sciences)

Abstract

In many developing and developed countries, voluntary-arbitrary policies which have been corruptively applied to financial discipline have brought rule-based financial policies into question. Increasing budget deficit in Turkey, significant rise in public debt stock and current deficit depending on saving gap have increased the economic fragility, bringing up efforts to construct a regular financial structure. Turkey, having conducted financial process under the anchoring of IMF till 2008, has put medium-term programme (MTP) into operation since 2008 as a result of the search for a new anchor. This study aims to present an evaluation of the process of fiscal rule in Turkey which has not yet become legalised.

Suggested Citation

  • Ilhan Eroglu, 2015. "Fi̇nanci̇al Di̇sci̇pli̇nary Efforts Free From Imf İn Turkey," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 247-254, July.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:special:p:247-254
    as

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    References listed on IDEAS

    as
    1. Mr. George Kopits, 2001. "Fiscal Rules: Useful Policy Framework or Unnecessary Ornament?," IMF Working Papers 2001/145, International Monetary Fund.
    2. Mr. George Kopits & Mr. Steven A. Symansky, 1998. "Fiscal Policy Rules," IMF Occasional Papers 1998/011, International Monetary Fund.
    3. Xavier Debrun & David Hauner & Manmohan S. Kumar, 2009. "Independent Fiscal Agencies," Journal of Economic Surveys, Wiley Blackwell, vol. 23(1), pages 44-81, February.
    4. International Monetary Fund, 2004. "On Fixed and Variable Fiscal Surplus Rules," IMF Working Papers 2004/117, International Monetary Fund.
    5. Suzanne Kennedy & Janine Robbins, "undated". "The Role of Fiscal Rules in Determining Fiscal Performance," Working Papers-Department of Finance Canada 2001-16, Department of Finance Canada.
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