The Story of a Stabilization Effort: Turkey (2000-2002)
The 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.
|Date of creation:||May 2003|
|Date of revision:||May 2003|
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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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