Turkey: Selected Issues

November 16, 2007

Preview Citation

Format: Chicago

Turkey: Selected Issues, (USA: International Monetary Fund, 2007) accessed December 3, 2024

Summary

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.

Subject: Bank credit, Financial institutions, Fiscal policy, Fiscal rules, Housing prices, Money, Mortgages, National accounts, Prices, Private savings

Keywords: Bank credit, Bank lending channel, Chapter II, CR, Disciplined fiscal policy, Europe, Fiscal policy, Fiscal rules, Government debt ratio, Housing prices, ISCR, Lending, Monetary policy transmission mechanism, Mortgages, Private savings, Saving rate, Spending rule

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/364
Stock No:

1TUREA2007005
ISBN:

9781451838237
ISSN:

1934-7685

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