Turkey: Selected Issues
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Summary:
This Selected Issues paper on Turkey reviews a decline in private saving and adoption of a fiscal rule. As economic confidence has improved, capital inflows have surged while private saving has fallen. Together, these developments have produced current account deficits and a strong lira, raising concerns that Turkey may be exposed to sudden reversals in investor sentiment. A fiscal rule with appropriate mechanisms to monitor its compliance should deliver predictable policies, thus allowing further reductions in debt and risk premiums, thereby contributing to macroeconomic stability.
Series:
Country Report No. 2007/364
Subject:
Bank credit Financial institutions Fiscal policy Fiscal rules Housing prices Money Mortgages National accounts Prices Private savings
English
Publication Date:
November 16, 2007
ISBN/ISSN:
9781451838237/1934-7685
Stock No:
1TUREA2007005
Pages:
46
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