Turkey at the Crossroads: From Crisis Resolution to EU Accession

By Donal McGettigan, Xavier Debrun, Mark E Griffiths, Reza Moghadam, Ernesto Ramirez Rigo, Martin Schindler, Mats A Josefsson, Cheng Hoon Lim, Christian Keller, Christoph A Klingen, Chris Lane, Oya Celasun, Ashoka Mody, Dewitt D Marston, Mathew A. Verghis

September 19, 2005

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Donal McGettigan, Xavier Debrun, Mark E Griffiths, Reza Moghadam, Ernesto Ramirez Rigo, Martin Schindler, Mats A Josefsson, Cheng Hoon Lim, Christian Keller, Christoph A Klingen, Chris Lane, Oya Celasun, Ashoka Mody, Dewitt D Marston, and Mathew A. Verghis Turkey at the Crossroads: From Crisis Resolution to EU Accession, (USA: International Monetary Fund, 2005) accessed September 18, 2024

Summary

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

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2005/006
Stock No:

S242EA
ISBN:

9781589063860
ISSN:

0251-6365

Supplemental Resources

Link to Abstract
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