FİNANCİAL DİSCİPLİNARY EFFORTS FREE FROM IMF İN TURKEY

Ilhan Eroğlu ()

Annals - Economy Series, 2015, vol. Special, 247-254

Abstract: In many developing and developed countries, voluntary-arbitrary policies which have been corruptively applied to financial discipline have brought rule-based financial policies into question. Increasing budget deficit in Turkey, significant rise in public debt stock and current deficit depending on saving gap have increased the economic fragility, bringing up efforts to construct a regular financial structure. Turkey, having conducted financial process under the anchoring of IMF till 2008, has put medium-term programme (MTP) into operation since 2008 as a result of the search for a new anchor. This study aims to present an evaluation of the process of fiscal rule in Turkey which has not yet become legalised.

Keywords: IMF; Stand-by Agreement; Medium-Term Programme; Fiscal Rule (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:special:p:247-254

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