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Inflation and Disinflation in Turkey

Listed author(s):
  • Kibritçioğlu, Aykut
  • Rittenberg, Libby
  • Selçuk, Faruk
  • Akçay, O. Cevdet
  • Alper, C. Emre
  • Berument, M. Hakan
  • Dibooğlu, Selahattin
  • Erlat, Haluk
  • Ertuğrul, Ahmet
  • Malatyalı, N. Kamuran
  • Nas, Tevfik F.
  • Özmucur, Süleyman
  • Perry, Mark J.

Based on its outward-oriented development strategy, respectable growth, increased integration into world trade and financial markets, and imperfect though vibrant and wide-based democracy, Turkey is often cited as a development model for other countries in the region and elsewhere. Countering this positive picture of the Turkish economy over the last two decades, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays in privatising state-owned enterprises, and high and persistent government budget deficits. In January 2000 Turkey embarked on an ambitious IMF-backed stabilization program designed to correct the weaknesses in its economy, and, in particular, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of Turkey's inflation and the likely costs and benefits of disinflation.

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This book is provided by ZBW - German National Library of Economics in its series EconStor Books with number 110203 and published in 2002.
Handle: RePEc:zbw:esmono:110203
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References listed on IDEAS
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  1. Demirguc, Asli & Huizinga, Harry, 1999. "Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence," World Bank Economic Review, World Bank Group, vol. 13(2), pages 379-408, May.
  2. Claessens, Stijn & Demirguc-Kunt, Asli & Huizinga, Harry, 1998. "How does foreign entry affect the domestic banking market?," Policy Research Working Paper Series 1918, The World Bank.
  3. Barry Eichengreen & Andrew K. Rose, 1998. "Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises," NBER Working Papers 6370, National Bureau of Economic Research, Inc.
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