Turkey at the Crossroads: From Crisis Resolution to EU Accession
September 19, 2005
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The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector reform, and labor markets. The analysis assesses the effectiveness of macroeconomic stabilization and structural reforms since the crisis and provides guideposts for future policy.
Subject: Banking, Currencies, Financial statements, Fiscal consolidation, Fiscal policy, Inflation, Money, Prices, Public debt, Public financial management (PFM)
Keywords: bank, Currencies, debt, disinflation record, East Asia, Eastern Europe, Financial statements, Fiscal consolidation, foreign currency, Global, Inflation, inflation expectation, inflation process, Middle East, OP, Sub-Saharan Africa, undermining disinflation
Pages:
84
Volume:
2005
DOI:
Issue:
006
Series:
Occasional Paper No. 2005/006
Stock No:
S242EA
ISBN:
9781589063860
ISSN:
0251-6365
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