Policies to Improve Turkey's Resilience to Financial Market Shocks [electronic resource] / Anne-Marie Brook = Les politiques pour renforcer la résilience de la Turquie aux chocs émanant des marchés financiers / Anne-Marie Brook

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Brook, Anne-Marie

Material type: Article

ArticleSeries: OECD Economics Department Working Papers ; no.528.Publication details: Paris : OECD Publishing, 2006.Description: 45 p. ; 21 x 29.7cmOther title:

Les politiques pour renforcer la résilience de la Turquie aux chocs émanant des marchés financiers

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Abstract: Since the crisis of 2001, an impressive package of fiscal consolidation and institutional reform has created a strong foundation for economic growth. As a result, GDP growth has been strong and stable, inflation has fallen, and the public debt burden has been significantly reduced. Yet the current account deficit is large, exchange rate movements have been volatile, and the recent increase in inflation and rising levels of private sector external debt draw attention to Turkey?s vulnerabilities and to the need for additional policies to contain risks. This paper summarises the vulnerabilities of the Turkish economy and the steps that can be taken to improve macroeconomic resilience to shocks. This Working Paper relates to the 2006 Economic Survey of Turkey (www.oecd.org/eco/surveys/turkey).

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección OECD	OECD 365034647173 (Browse shelf(Opens below))	Not For Loan

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Since the crisis of 2001, an impressive package of fiscal consolidation and institutional reform has created a strong foundation for economic growth. As a result, GDP growth has been strong and stable, inflation has fallen, and the public debt burden has been significantly reduced. Yet the current account deficit is large, exchange rate movements have been volatile, and the recent increase in inflation and rising levels of private sector external debt draw attention to Turkey?s vulnerabilities and to the need for additional policies to contain risks. This paper summarises the vulnerabilities of the Turkish economy and the steps that can be taken to improve macroeconomic resilience to shocks. This Working Paper relates to the 2006 Economic Survey of Turkey (www.oecd.org/eco/surveys/turkey).

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