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.

Financial Reforms, Stabilization and Development in 21st Century Turkey

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Author :
Publisher : Vernon Press
ISBN 13 : 9781622732500
Total Pages : pages
Book Rating : 4.7/5 (325 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 2017-10-22 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book addresses the following problem: How a developing country needs to conduct the transition to a free market economy with particular focus on financial market reforms. Additionally, it provides a basis for explaining potential divergence from desired outcomes. We present and analyze the case of Turkey. We explore the roots of Turkey's traditionally unstable economic performance, which we have identified as being linked to weak institutions and politically-led economic management. The Turkish case shows that though internationally accredited development policies are useful guidelines for policymakers, they constitute only an initial phase of an effective transition to be completed through a domestic commitment to achieve a de-politicized and a development-oriented institutional framework. The book not only explores the complex relationship between economic instability and structural reforms in an emerging economy, but it also investigates why the international development policies proposed to developing countries have not always been successful. It is a story of how institutions developed in one part of the world become adopted and adapted in other parts of the world, each time with tensions and difficulties. It is an on-going story of global inter-cultural institutional migration of gradually sorting out best practices, adopting norms and standards in a gradual process of trial and error. This book tells the story and analyses the role that Turkey has played in this process from 1980 onwards (with some flashbacks to earlier times when appropriate) with special reference to the premature deregulation of its financial markets. It thus examines the financial reforms undertaken by Turkey as it moved towards EU membership, with particular focus on central bank monetary policies. A book length study examining the reforms Turkey undertook in the financial area during this period does not exist. We have used country risk scores published by independent rating agencies and other metrics in the post-institutional reform period, which we believe constitute acceptable measures of the degree to which institutional reform has been successful or not."

Turkey at the Crossroads

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1589063864
Total Pages : 85 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Turkey at the Crossroads by : Mr.Xavier Debrun

Download or read book Turkey at the Crossroads written by Mr.Xavier Debrun and published by International Monetary Fund. This book was released on 2005-09-19 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Economic Stabilization and Structural Adjustment

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Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (312 download)

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Book Synopsis Economic Stabilization and Structural Adjustment by : Rüşdü Saracoglu

Download or read book Economic Stabilization and Structural Adjustment written by Rüşdü Saracoglu and published by . This book was released on 1988 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Turkey - Country Economic Memorandum

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Turkey - Country Economic Memorandum by : Weltbank

Download or read book Turkey - Country Economic Memorandum written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This country economic memorandum shows that fiscal imbalances are key to understanding Turkey's inflation problem, and its volatile growth. Its findings suggest that the country's inability to sustain high growth can be closely linked, among many factors, to the lack of macroeconomic stability. Unsustainable fiscal policy, has put repeated pressure on its currency, and led to chronic, and high inflation. Thus, when facing crises, fiscal policy has been unable to withstand, or influence on the business cycle; instead contractionary policies have been implemented to achieve monetary stability, actually worsening the real impact of shocks. It is also suggested that previous attempts at stabilization, failed precisely because they did not address the structural sources of fiscal deficit. Following an analysis on Turkey's macroeconomic framework, the report reviews the reform agenda on the infrastructure, agriculture, and banking sectors, and the country's medium-term prospects, but emphasizes the influence of the policy environment on total factor productivity growth, as a key explanatory factor, recommending structural policies to generate at least a primary surplus of three percent of GNP, prioritize social security, and social assistance, and avoid unsustainable contingent liabilities, by deregulating energy and telecommunications sectors, and, pursue financial sector reform.

Turkey - Country Economic Memorandum

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Turkey - Country Economic Memorandum by : Weltbank

Download or read book Turkey - Country Economic Memorandum written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This country economic memorandum shows that fiscal imbalances are key to understanding Turkey's inflation problem, and its volatile growth. Its findings suggest that the country's inability to sustain high growth can be closely linked, among many factors, to the lack of macroeconomic stability. Unsustainable fiscal policy, has put repeated pressure on its currency, and led to chronic, and high inflation. Thus, when facing crises, fiscal policy has been unable to withstand, or influence on the business cycle; instead contractionary policies have been implemented to achieve monetary stability, actually worsening the real impact of shocks. It is also suggested that previous attempts at stabilization, failed precisely because they did not address the structural sources of fiscal deficit. Following an analysis on Turkey's macroeconomic framework, the report reviews the reform agenda on the infrastructure, agriculture, and banking sectors, and the country's medium-term prospects, but emphasizes the influence of the policy environment on total factor productivity growth, as a key explanatory factor, recommending structural policies to generate at least a primary surplus of three percent of GNP, prioritize social security, and social assistance, and avoid unsustainable contingent liabilities, by deregulating energy and telecommunications sectors, and, pursue financial sector reform.

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 to Boost Turkey's Long-Term Growth

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (817 download)

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Book Synopsis Structural Reforms to Boost Turkey's Long-Term Growth by :

Download or read book Structural Reforms to Boost Turkey's Long-Term Growth written by and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

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Author :
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.

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.

Inflation and Disinflation in Turkey

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Publisher : Routledge
ISBN 13 : 1351739271
Total Pages : 242 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 242 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.

Turkish Economy

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Publisher : Palgrave Macmillan
ISBN 13 : 9783030099534
Total Pages : 419 pages
Book Rating : 4.0/5 (995 download)

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Book Synopsis Turkish Economy by : Ahmet Faruk Aysan

Download or read book Turkish Economy written by Ahmet Faruk Aysan and published by Palgrave Macmillan. This book was released on 2019-01-24 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book scrutinizes the last 15 years of exceptional growth in the Turkish economy, and presents a model for sustainable ongoing growth that has particular implications for other key emerging economies. The growth of the Turkish economy in the 2000’s was based on two integrated fundamental factors: fixing deteriorating dynamics and implementing further reforms to stimulate economic activity. This basic formula led to pleasing rates of economic growth, fuelled particularly by domestic private investments along with revived consumption and exports. Driven by political stability established by single party governments in the post-2002 period, an improved economic outlook helped Turkey enjoy record levels of foreign investment, adding momentum to its growth story. The Turkish experience in the post-crisis period implies that in order to achieve a fast and - more importantly - sustainable onward growth, the economy needs a new generation of structural reforms that simultaneously heal fragility and vitalize economic activity. The papers in this book offer professional assessments and assistance - especially for policymakers, and present a new direction upon which the Turkish economy - and emerging markets - can progress successfully for a further 15 years.

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.

Reform, Recovery, and Growth

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Publisher : University of Chicago Press
ISBN 13 : 0226158470
Total Pages : 440 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Reform, Recovery, and Growth by : Rudiger Dornbusch

Download or read book Reform, Recovery, and Growth written by Rudiger Dornbusch and published by University of Chicago Press. This book was released on 2007-12-01 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt crisis of 1982 caused serious economic disruptions in most developing countries. Reform, Recovery, and Growth explains why some of these countries have recovered from the debt crisis, while more than a decade later others continue to stagnate. Among the questions addressed are: What are the requirements for a stabilization policy that reduces inflation in a reasonable amount of time at an acceptable cost? What are the effects of structural reforms, especially trade liberalization, deregulation, and privatization, on growth in the short and long runs? How do macroeconomic instability and adjustment policies affect income distribution and poverty? How does the specific design of structural adjustment efforts affect results? In this companion to Macroeconomics of Populism in Latin America, the authors confirm that macroeconomic stability has a positive effect on income distribution. The volume presents case studies that describe in detail the stabilization experiences in Brazil, Israel, Argentina, and Bolivia, and also includes discussion of Chile, Mexico, Peru, and Turkey.

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.

Economic Growth in Latin America and the Caribbean

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Publisher : World Bank Publications
ISBN 13 : 0821360914
Total Pages : 169 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Economic Growth in Latin America and the Caribbean by : Norman Loayza

Download or read book Economic Growth in Latin America and the Caribbean written by Norman Loayza and published by World Bank Publications. This book was released on 2005-01-01 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several countries in Latin America and the Caribbean are suffering severe economic downturns and the success of market-oriented reforms is being called into question. This report seeks to contribute to the debate by examining the nature of economic growth in the region. The aim is threefold: to describe the basic characteristics of growth; explain differences across countries and to forecast changes over the next decade.

The Oxford Handbook of Turkish Politics

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Publisher : Oxford University Press
ISBN 13 : 0190064897
Total Pages : 865 pages
Book Rating : 4.1/5 (9 download)

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Book Synopsis The Oxford Handbook of Turkish Politics by : Günes Murat Tezcür

Download or read book The Oxford Handbook of Turkish Politics written by Günes Murat Tezcür and published by Oxford University Press. This book was released on 2022 with total page 865 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of politics in Turkey : new horizons and perennial pitfalls / Güneş Murat Tezcür -- Democratization theories and Turkey / Ekrem Karakoç -- Ruling ideologies in modern Turkey / Kerem Öktem -- Constitutionalism in Turkey / Aslı Ü. Bâli -- Civil-military relations and the demise of Turkish democracy / Nil S. Satana and Burak Bilgehan Özpek -- Capturing secularism in Turkey : the ease of comparison / Murat Akan -- The political economy of Turkey since the end of World War II / Şevket Pamuk -- Neoliberal politics in Turkey / Sinan Erensü and Yahya M. Madra -- The politics of welfare in Turkey / Erdem Yörük -- The political economy of environmental policymaking in Turkey : a vicious cycle / Fikret Adaman, Bengi Akbulut, and Murat Arsel -- The politics of energy in Turkey : running engines on geopolitical, discursive, and coercive power / Begüm Özkaynak, Ethemcan Turhan, and Cem İskender Aydın -- The contemporary politics of health in Turkey : diverse actors, competing frames, and uneven policies / Volkan Yılmaz -- Populism in Turkey : historical and contemporary patterns / Yüksel Taşkın -- Old and new polarizations and failed democratizations in Turkey / Murat Somer -- Economic voting during the AKP era in Turkey / S. Erdem Aytaç -- Party organizations in Turkey and their consequences for democracy / Melis G. Laebens -- The evolution of conventional political participation in Turkey / Ersin Kalaycıoğlu -- Symbolic politics and contention in the Turkish Republic / Senem Aslan -- Islamist activism in Turkey / Menderes Çınar -- The Kurdish movement in Turkey : understanding everyday perceptions and experiences / Dilan Okcuoglu -- The Transnational Mobilization of the Alevis of Turkey : from invisibility to the struggle for equality / Ceren Lord -- Politics of asylum seekers and refugees in Turkey : limits and prospects of populism / Fatih Resul Kılınç and Şule Toktaş -- A theoretical account of Turkish foreign policy under the AKP / Tarık Oğuzlu -- US-Turkey relations since WWII : from alliance to transactionalism / Serhat Güvenç and Soli Özel -- Turkey and Europe : historical asynchronicities and perceptual asymmetries / Hakan Yılmaz -- Turkey's foreign policy in the Middle East : an identity perspective / Lisel Hintz -- Turkey and Russia : historical patterns and contemporary trends in bilateral relations / Evren Balta and Mitat Çelikpala -- Citizenship and protest behavior in Turkey / Ayhan Kaya -- Gender politics and the struggle for equality in Turkey / Zehra F. Kabasakal Arat -- Human rights organizations in Turkey / Başak Çalı -- Truth, justice, and commemoration initiatives in Turkey / Onur Bakiner -- The politics of media in Turkey : chronicle of a stillborn media system / Sarphan Uzunoğlu -- The AKP's rhetoric of rule in Turkey : political melodramas of conspiracy from "ergenekon" to "mastermind" / Erdağ Göknar -- The transformation of political cinema in Turkey since the 1960s : a change of discourse / Zeynep Çetin-Erus and M. Elif Demoğlu -- Political music in Turkey : the birth and diversification of dissident and conformist music (1920-2000) / Mustafa Avcı.