Turkey : Selected Issues

1TUREM2007005 Image
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Release Date: © November, 2007
ISBN : 978-1-46237-046-7
Stock #: 1TUREM2007005

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Description

This Selected Issues paper on Turkey reviews a decline in private saving and adoption of a fiscal rule. As economic confidence has improved, capital inflows have surged while private saving has fallen. Together, these developments have produced current account deficits and a strong lira, raising concerns that Turkey may be exposed to sudden reversals in investor sentiment. A fiscal rule with appropriate mechanisms to monitor its compliance should deliver predictable policies, thus allowing further reductions in debt and risk premiums, thereby contributing to macroeconomic stability.

Taxonomy

Economic policy , Fiscal policy , Inflation , Monetary policy




More publications in this series: IMF Staff Country Reports