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Revealing Turkey’s Public Debt Burden: A Transparent Payments Approach

Author

Listed:
  • Ertunc Alioglu

    (Brandeis University)

  • Can Erbil

    (Brandeis University & EcoMod)

  • Ferhan Salman

    (Research Department, The Central Bank of Turkey)

Abstract

We postulate a new method of identifying debt which we call Debt Burden (DB). We claim that DB reveals the true debt obligations of the fiscal authority. It is more accurate and transparent. Hence, DB would serve fiscal authority much better in policy making. It is powerful in a sense that it is calculated on a daily basis and can serve as a good policy measure since it includes projections into the future.

Suggested Citation

  • Ertunc Alioglu & Can Erbil & Ferhan Salman, 2004. "Revealing Turkey’s Public Debt Burden: A Transparent Payments Approach," Public Economics 0409004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwppe:0409004
    Note: Type of Document - pdf; pages: 18
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    References listed on IDEAS

    as
    1. Erdal Karagol, 2002. "The Causality Analysis of External Debt Service and GNP : The Case of Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 2(1), pages 39-64.
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    More about this item

    Keywords

    Debt burden; public debt; Turkey;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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