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The Story of a Stabilization Effort: Turkey (2000-2002)

Author

Listed:
  • Nur Keyder

    (Department of Economics, METU)

Abstract

The purpose of the paper is to give an overview of the Turkish economy before and during the implementation of two different stabilization programs over the 2000-2002 period. Reforms undertaken and things that need to be done in both general terms and in the monetary and fiscal area are listed. The targets of the program are compared with the realizations. Success of the program is discussed in reference to developments in the main economic indicators. The most significant issue remaining concerns debt sustainability. Hence this topic is given special attention against the background of debt stock composition.

Suggested Citation

  • Nur Keyder, 2003. "The Story of a Stabilization Effort: Turkey (2000-2002)," ERC Working Papers 0305, ERC - Economic Research Center, Middle East Technical University, revised May 2003.
    • Handle: RePEc:met:wpaper:0305
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    File URL: http://erc.metu.edu.tr/en/system/files/menu/series03/0305.pdf
    File Function: First version, 2003
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    References listed on IDEAS

    as
    1. Ms. Kalpana Kochhar & Mr. Prakash Loungani & Mr. Mark R. Stone, 1998. "The East Asian Crisis: Macroeconomic Developments and Policy Lessons," IMF Working Papers 1998/128, International Monetary Fund.
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    Cited by:

    1. Öztürk, Mustafa & Aras, Osman Nuri, 2011. "Foreign Capital Investment and Economic Crises in Turkey," MPRA Paper 81855, University Library of Munich, Germany.

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    More about this item

    Keywords

    Turkey; stabilization;

    JEL classification:

    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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