Structural Reform, Stabilization, and Growth in Turkey

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Publisher :
ISBN 13 : 9780939934843
Total Pages : 46 pages
Book Rating : 4.9/5 (348 download)

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Book Synopsis Structural Reform, Stabilization, and Growth in Turkey by : George Kopits

Download or read book Structural Reform, Stabilization, and Growth in Turkey written by George Kopits and published by . This book was released on 1987 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following a severe balance of payments crisis in the late 1970s, in January 1980 Turkey embarked on a far reaching stabilization and structural adjustment program.

Turkey

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513524666
Total Pages : 18 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Turkey by : International Monetary Fund. European Dept.

Download or read book Turkey written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-12-26 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Turkey assesses the role of structural reforms in enhancing productivity growth in advanced and emerging economies and discusses results that are relevant for Turkey. The paper investigates the role of structural reforms in boosting productivity growth and describes the stochastic frontier set-up for analyzing factors that affect output through technical efficiency; and subsequently presents empirical results. It also simulates productivity gains from closing the structural reform gaps between Turkey and its benchmark. Structural reforms to improve hiring and firing regulations, the business and regulatory environment, and skills are found to have the largest estimated long-term productivity gains for Turkey. In order to bolster Turkey’s sustainable medium-term growth prospects, structural reforms should be implemented sooner rather than later, and any possible negative reform impacts in the short run could be limited by a reform sequencing and reform complementarities.

Financial reforms, stabilization and development in 21st-century Turkey

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Publisher : Vernon Press
ISBN 13 : 1622736532
Total Pages : 486 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis Financial reforms, stabilization and development in 21st-century Turkey by : Haluk Haksal

Download or read book Financial reforms, stabilization and development in 21st-century Turkey written by Haluk Haksal and published by Vernon Press. This book was released on 2019-03-28 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central argument of this book is that while central bank independence can contribute to stabilization, inflation-targeting monetary policy is quite powerless in promoting economic development. The basic message is simple: Policy makers should not strive to achieve price stability at any cost, as stability in product markets does not necessarily translate into economic development. The recent experience of Turkey is illuminating and other developing countries, in particular those using inflation targeting monetary policy framework, can draw useful lessons from this experience. Early chapters summarize the deregulation process from 1980 to 2001. The Turkish Central Bank is placed at the center of the analysis as monetary policies have a significant impact both on stability and development. Although the 1994 and 2001 financial crises have been extensively studied elsewhere, they are nevertheless summarized to underscore the importance of central bank independence. Later chapters investigate the impact of an independent central bank on stabilization and development from 2001 onwards. Upon visiting the Turkish Central Bank's website, readers are greeted with the following statement: "The primary objective of the Bank is to achieve and maintain price stability." By the end of this book the reader should be able to assess the relative merits of a monetary policy that focuses on price stability, versus an alternative where price stability is accompanied by other objectives targeting development, for instance, monitoring also unemployment rates, which would undermine its independence to some degree. The study aims to provide a perspective on the need for such an alternative in line also with the vision of some international agencies on development, such as the UNCTAD and the ILO. This is the first book-length study examining the financial reforms Turkey undertook in its path towards EU accession. This unique work will be of interest to economists and other experts in financial history, (de)regulation, institutional economics and economic development, as well as a broad range of scholars interested in the dramatic transformation of Turkey's economy and society in the 21st century.

Turkey

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Publisher : International Monetary Fund
ISBN 13 : 1451837976
Total Pages : 137 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Turkey by : International Monetary Fund

Download or read book Turkey written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-06-08 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Turkey during 1992–95. Economic activity expanded sharply in 1993, sustained by buoyant domestic demand that was underpinned by expansionary fiscal and monetary policies, but accompanied by a large deterioration in the current account position. The unsustainability of this policy stance resulted in an exchange and financial market crisis in the first months of 1994. In April 1994, the authorities announced a comprehensive stabilization program that included substantial fiscal retrenchment, monetary tightening, and a structural reform agenda intended to strengthen the adjustment effort over the medium term.

Structural Reforms and Macroeconomic Performance - Country Cases

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Publisher : International Monetary Fund
ISBN 13 : 1498344100
Total Pages : 28 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Structural Reforms and Macroeconomic Performance - Country Cases by : International Monetary Fund

Download or read book Structural Reforms and Macroeconomic Performance - Country Cases written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-14 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences of member countries. These papers update the Board on work since the Triennial Surveillance Review toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues. The paper builds on the already considerable analytical work underway across the Fund, setting out considerations to support a more strategic approach going forward.

Structural Reforms and Economic Performance in Advanced and Developing Countries

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Publisher : International Monetary Fund
ISBN 13 : 1589068181
Total Pages : 62 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Structural Reforms and Economic Performance in Advanced and Developing Countries by : Mr.Jonathan David Ostry

Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2009-10-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.

Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund

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Publisher : International Monetary Fund
ISBN 13 : 1498344119
Total Pages : 64 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund by : International Monetary Fund

Download or read book Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-14 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural policies have become a prominent feature of today’s macroeconomic policy discussion. For many countries, lackluster economic growth and high unemployment cloud the outlook. With fewer traditional policy options, policymakers are increasingly focused on the complementary role of structural policies in promoting more durable job-rich growth. In particular, the G20 has emphasized the essential role of structural reforms in ensuring strong, sustainable and balanced growth. Against this backdrop, the 2014 Triennial Surveillance Review (TSR) called for further work to enhance the Fund’s ability to selectively provide more expert analysis and advice on structural issues, particularly where there is broad interest among member countries. The purpose of this paper is to engage the Board on staff’s post-TSR work toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues.

Turkish Economy At The Crossroads: Facing The Challenges Ahead

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Publisher : World Scientific
ISBN 13 : 9811214905
Total Pages : 370 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Turkish Economy At The Crossroads: Facing The Challenges Ahead by : Asaf Savas Akat

Download or read book Turkish Economy At The Crossroads: Facing The Challenges Ahead written by Asaf Savas Akat and published by World Scientific. This book was released on 2020-10-05 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkish Economy at the Crossroads: Facing the Challenges Ahead is an exciting new volume of articles from prominent experts, edited by two distinguished economists. Despite its international stature and its diversified open-market economy, the global literature on Turkey is dispersed and sparse. The book aims to remedy this shortcoming by providing readers interested in Turkey with a balanced and up-to-date overview of the economy.Topics discussed include trends in long-term political economy, post-2001 macroeconomic policies, tradable and non-tradable sectors and their impact on income distribution, capital flows and financial imbalances, success and problems of structural transformation at the micro level, characteristics of the labor markets with special emphasis on female employment, Turkey's long lasting but difficult relations with the European Union and possible scenarios for the near future. This unified approach permits to highlight and tackle effectively the challenges and risks Turkey faces in the final and critical stage of transition to a modern developed society.

Inflation and Disinflation in Turkey

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Publisher : Routledge
ISBN 13 : 1351739271
Total Pages : 190 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Inflation and Disinflation in Turkey by : Faruk Selcuk

Download or read book Inflation and Disinflation in Turkey written by Faruk Selcuk and published by Routledge. This book was released on 2018-04-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles.

The International Debt Crisis in Historical Perspective

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Publisher : MIT Press
ISBN 13 : 9780262550222
Total Pages : 304 pages
Book Rating : 4.5/5 (52 download)

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Book Synopsis The International Debt Crisis in Historical Perspective by : Barry Eichengreen

Download or read book The International Debt Crisis in Historical Perspective written by Barry Eichengreen and published by MIT Press. This book was released on 1992 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eichengreen and Lindert bring together original studies that assess the historical record to see what lessons can be learned for resolving today's crisis.

Lessons of Economic Stabilization and Its Aftermath

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Publisher : MIT Press
ISBN 13 : 9780262023245
Total Pages : 472 pages
Book Rating : 4.0/5 (232 download)

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Book Synopsis Lessons of Economic Stabilization and Its Aftermath by : Banḳ Yiśraʼel

Download or read book Lessons of Economic Stabilization and Its Aftermath written by Banḳ Yiśraʼel and published by MIT Press. This book was released on 1991 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises essays presented at a conference held in Jerusalem in 1990.

The Political Economy of Turkey

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Publisher : Springer
ISBN 13 : 1349112747
Total Pages : 289 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis The Political Economy of Turkey by : Harvard University, Cambridge, MA, USA John F. Kennedy School of Government

Download or read book The Political Economy of Turkey written by Harvard University, Cambridge, MA, USA John F. Kennedy School of Government and published by Springer. This book was released on 1990-06-18 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkey stands at a crossroad after a decade of adjustment to its severe debt crisis in the late 1970s. This volume brings together a group of contributors who discuss the consequences of this transition and the likely pains for the future.

Developing Country Debt and Economic Performance, Volume 3

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Publisher : University of Chicago Press
ISBN 13 : 0226733211
Total Pages : 834 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Developing Country Debt and Economic Performance, Volume 3 by : Jeffrey D. Sachs

Download or read book Developing Country Debt and Economic Performance, Volume 3 written by Jeffrey D. Sachs and published by University of Chicago Press. This book was released on 2007-12-01 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries has intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. This project on developing country debt, undertaken by the National Bureau of Economic Research, provides a detailed analysis of the ongoing developing country debt crisis. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The project analyzes the crisis from two perspectives, that of the international financial system as a whole (volume 1) and that of individual debtor countries (volumes 2 and 3). This third volume contains lengthy and detailed case studies of four very different Asian countries—Turkey, Indonesia, Korea, and the Philippines.

Economics and Politics of Turkish Liberalization

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Publisher : Lehigh University Press
ISBN 13 : 9780934223195
Total Pages : 212 pages
Book Rating : 4.2/5 (231 download)

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Book Synopsis Economics and Politics of Turkish Liberalization by : Tevfik F. Nas

Download or read book Economics and Politics of Turkish Liberalization written by Tevfik F. Nas and published by Lehigh University Press. This book was released on 1992 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of Turkey's 1980-90 stabilization and liberalization experience by tracing the complexities and dynamics of Turkey's unique economic and policy environments.

Inflation and Disinflation in Turkey

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Author :
Publisher : Routledge
ISBN 13 : 135173928X
Total Pages : 190 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Inflation and Disinflation in Turkey by : Faruk Selcuk

Download or read book Inflation and Disinflation in Turkey written by Faruk Selcuk and published by Routledge. This book was released on 2018-04-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles.

Structural change, fundamentals, and growth : a framework and case studies

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Author :
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896292142
Total Pages : 328 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis Structural change, fundamentals, and growth : a framework and case studies by : McMillan, Margaret

Download or read book Structural change, fundamentals, and growth : a framework and case studies written by McMillan, Margaret and published by Intl Food Policy Res Inst. This book was released on 2017-05-11 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tracing the Economic Transformation of Turkey from the 1920s to EU Accession

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Author :
Publisher : BRILL
ISBN 13 : 9047442814
Total Pages : 211 pages
Book Rating : 4.0/5 (474 download)

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Book Synopsis Tracing the Economic Transformation of Turkey from the 1920s to EU Accession by : Tevfik Nas

Download or read book Tracing the Economic Transformation of Turkey from the 1920s to EU Accession written by Tevfik Nas and published by BRILL. This book was released on 2008-06-04 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing valuable lessons for emerging economies, this book examines Turkey’s economic development and growth from the early 1920s to the present, and documents its transformation to a thriving market economy in the process of negotiating its entry into the EU.