Turkey at the Crossroads: From Crisis Resolution to EU Accession

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

No 2005/006, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: OP; debt; foreign currency; bank; inflation expectation; undermining disinflation; inflation process; disinflation record; Inflation; Fiscal consolidation; Currencies; Financial statements; East Asia; Middle East; Global; Sub-Saharan Africa; Eastern Europe (search for similar items in EconPapers)
Pages: 84
Date: 2005-09-19
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