Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report
This report addresses key questions facing Turkish policymakers: how to sustain the economic recovery that began in 2002 following the deep crisis of 2001, how to ensure disinflation and public debt sustainability, and how to foster broad-based and...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/07/2487285/turkey-country-economic-memorandum-towards-macroeconomic-stability-sustained-growth-vol-2-3-main-report http://hdl.handle.net/10986/14704 |
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okr-10986-14704 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
DISINFLATION CRISIS MANAGEMENT MACROECONOMIC FRAMEWORK PUBLIC SECTOR MANAGEMENT BUSINESS ENVIRONMENT SOCIAL POLICY DISASTER RECOVERY FINANCIAL ADMINISTRATION STRUCTURAL REFORMS GOVERNANCE FINANCIAL PERFORMANCE INDICATORS CORPORATE RESTRUCTURING REGULATORY REFORMS MARKET LIBERALIZATION SOCIAL CONTRACTS HUMAN CAPITAL DEVELOPMENT LABOR MARKETS ECOMOMIC INTEGRATION EXPORT PERFORMANCE FOREIGN DIRECT INVESTMENTS EXOGENOUS VARIABLES EXCHANGE RATE REGIMES EUROPEAN UNION MEMBERSHIP AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURE BALANCE OF PAYMENTS BANK RECAPITALIZATION BANK RESTRUCTURING BANKING CRISES BANKING SECTOR BANKING SYSTEM BENCHMARK BUDGET CONSTRAINT BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL OUTFLOWS CENTRAL BANK CIVIL SERVICE COMMERCIAL BANKS COMPETITIVENESS CONSUMER PRICE INDEX CONSUMERS CONTINGENT LIABILITIES CPI CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DECISION MAKING DEPOSIT INSURANCE DEVALUATION DISINFLATION DOMESTIC INTEREST RATES DURABLE GOODS EMPLOYMENT EXCHANGE RATE EXCHANGE RATE REGIME EXPORT GROWTH EXPORTS EXTERNAL DEBT EXTERNAL ENVIRONMENT FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STABILITY FISCAL ADJUSTMENT FISCAL DISCIPLINE FISCAL MEASURES FISCAL POLICY FISCAL REFORMS FISCAL RESTRAINT FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN EXCHANGE GDP GNP GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH RATE IMPORTS INCOME INCOME GROUPS INFLATION INFLATION RATE INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATES INTERNATIONAL EXPERIENCE INVENTORIES INVENTORY INVESTMENT SPENDING LABOR COSTS LABOR FORCE LABOR MARKET LEADING INDICATORS LEGAL FRAMEWORK LEGISLATION LONG TERM MACROECONOMIC ANALYSIS MACROECONOMIC FRAMEWORK MACROECONOMIC OUTCOMES MACROECONOMIC STABILITY MONETARY POLICIES NOMINAL ANCHOR NOMINAL INTEREST RATE OIL POVERTY REDUCTION PRIMARY SURPLUS PRIVATE BANKS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROFITABILITY PUBLIC CONSUMPTION PUBLIC DEBT PUBLIC DEBT SUSTAINABILITY PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC GOVERNANCE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEBT PURCHASING POWER REAL APPRECIATION REAL EXCHANGE REAL EXCHANGE RATE REAL GDP REAL GNP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL TERMS REAL WAGE REAL WAGES RECAPITALIZATION SMALL BUSINESS SOCIAL SECURITY STATE BANKS STRUCTURAL REFORMS SUSTAINED GROWTH T-BILLS TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGES |
| spellingShingle |
DISINFLATION CRISIS MANAGEMENT MACROECONOMIC FRAMEWORK PUBLIC SECTOR MANAGEMENT BUSINESS ENVIRONMENT SOCIAL POLICY DISASTER RECOVERY FINANCIAL ADMINISTRATION STRUCTURAL REFORMS GOVERNANCE FINANCIAL PERFORMANCE INDICATORS CORPORATE RESTRUCTURING REGULATORY REFORMS MARKET LIBERALIZATION SOCIAL CONTRACTS HUMAN CAPITAL DEVELOPMENT LABOR MARKETS ECOMOMIC INTEGRATION EXPORT PERFORMANCE FOREIGN DIRECT INVESTMENTS EXOGENOUS VARIABLES EXCHANGE RATE REGIMES EUROPEAN UNION MEMBERSHIP AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURE BALANCE OF PAYMENTS BANK RECAPITALIZATION BANK RESTRUCTURING BANKING CRISES BANKING SECTOR BANKING SYSTEM BENCHMARK BUDGET CONSTRAINT BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL OUTFLOWS CENTRAL BANK CIVIL SERVICE COMMERCIAL BANKS COMPETITIVENESS CONSUMER PRICE INDEX CONSUMERS CONTINGENT LIABILITIES CPI CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DECISION MAKING DEPOSIT INSURANCE DEVALUATION DISINFLATION DOMESTIC INTEREST RATES DURABLE GOODS EMPLOYMENT EXCHANGE RATE EXCHANGE RATE REGIME EXPORT GROWTH EXPORTS EXTERNAL DEBT EXTERNAL ENVIRONMENT FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STABILITY FISCAL ADJUSTMENT FISCAL DISCIPLINE FISCAL MEASURES FISCAL POLICY FISCAL REFORMS FISCAL RESTRAINT FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN EXCHANGE GDP GNP GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH RATE IMPORTS INCOME INCOME GROUPS INFLATION INFLATION RATE INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATES INTERNATIONAL EXPERIENCE INVENTORIES INVENTORY INVESTMENT SPENDING LABOR COSTS LABOR FORCE LABOR MARKET LEADING INDICATORS LEGAL FRAMEWORK LEGISLATION LONG TERM MACROECONOMIC ANALYSIS MACROECONOMIC FRAMEWORK MACROECONOMIC OUTCOMES MACROECONOMIC STABILITY MONETARY POLICIES NOMINAL ANCHOR NOMINAL INTEREST RATE OIL POVERTY REDUCTION PRIMARY SURPLUS PRIVATE BANKS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROFITABILITY PUBLIC CONSUMPTION PUBLIC DEBT PUBLIC DEBT SUSTAINABILITY PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC GOVERNANCE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEBT PURCHASING POWER REAL APPRECIATION REAL EXCHANGE REAL EXCHANGE RATE REAL GDP REAL GNP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL TERMS REAL WAGE REAL WAGES RECAPITALIZATION SMALL BUSINESS SOCIAL SECURITY STATE BANKS STRUCTURAL REFORMS SUSTAINED GROWTH T-BILLS TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGES World Bank Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report |
| geographic_facet |
Europe and Central Asia Turkey |
| description |
This report addresses key questions
facing Turkish policymakers: how to sustain the economic
recovery that began in 2002 following the deep crisis of
2001, how to ensure disinflation and public debt
sustainability, and how to foster broad-based and equitably
distributed growth in the future. After a brief review of
the 2001 crisis and the Government response, the report
analyzes the economic opportunities and challenges facing
Turkey, and identifies policies to build on the economic
recovery which began in 2002. The CEM develops a
comprehensive four-point agenda for sustainable and more
equitably distributed growth. The agenda encompasses: (i)
macroeconomic stability, (ii) effective government, (iii)
improved business environment, and (iv) stronger social
policies. The report closes with medium-term macroeconomic
projections to illustrate Turkey's prospects under a
scenario of sustained reform and to highlight the risks to
growth and macroeconomic stability should the economic
program go off track. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report |
| title_short |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report |
| title_full |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report |
| title_fullStr |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report |
| title_full_unstemmed |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report |
| title_sort |
turkey - country economic memorandum : towards macroeconomic stability and sustained growth, volume 2. main report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/07/2487285/turkey-country-economic-memorandum-towards-macroeconomic-stability-sustained-growth-vol-2-3-main-report http://hdl.handle.net/10986/14704 |
| _version_ |
1764428144140353536 |
| spelling |
okr-10986-147042021-04-23T14:03:16Z Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 2. Main Report World Bank DISINFLATION CRISIS MANAGEMENT MACROECONOMIC FRAMEWORK PUBLIC SECTOR MANAGEMENT BUSINESS ENVIRONMENT SOCIAL POLICY DISASTER RECOVERY FINANCIAL ADMINISTRATION STRUCTURAL REFORMS GOVERNANCE FINANCIAL PERFORMANCE INDICATORS CORPORATE RESTRUCTURING REGULATORY REFORMS MARKET LIBERALIZATION SOCIAL CONTRACTS HUMAN CAPITAL DEVELOPMENT LABOR MARKETS ECOMOMIC INTEGRATION EXPORT PERFORMANCE FOREIGN DIRECT INVESTMENTS EXOGENOUS VARIABLES EXCHANGE RATE REGIMES EUROPEAN UNION MEMBERSHIP AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURE BALANCE OF PAYMENTS BANK RECAPITALIZATION BANK RESTRUCTURING BANKING CRISES BANKING SECTOR BANKING SYSTEM BENCHMARK BUDGET CONSTRAINT BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL OUTFLOWS CENTRAL BANK CIVIL SERVICE COMMERCIAL BANKS COMPETITIVENESS CONSUMER PRICE INDEX CONSUMERS CONTINGENT LIABILITIES CPI CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DECISION MAKING DEPOSIT INSURANCE DEVALUATION DISINFLATION DOMESTIC INTEREST RATES DURABLE GOODS EMPLOYMENT EXCHANGE RATE EXCHANGE RATE REGIME EXPORT GROWTH EXPORTS EXTERNAL DEBT EXTERNAL ENVIRONMENT FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STABILITY FISCAL ADJUSTMENT FISCAL DISCIPLINE FISCAL MEASURES FISCAL POLICY FISCAL REFORMS FISCAL RESTRAINT FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN EXCHANGE GDP GNP GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH RATE IMPORTS INCOME INCOME GROUPS INFLATION INFLATION RATE INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATES INTERNATIONAL EXPERIENCE INVENTORIES INVENTORY INVESTMENT SPENDING LABOR COSTS LABOR FORCE LABOR MARKET LEADING INDICATORS LEGAL FRAMEWORK LEGISLATION LONG TERM MACROECONOMIC ANALYSIS MACROECONOMIC FRAMEWORK MACROECONOMIC OUTCOMES MACROECONOMIC STABILITY MONETARY POLICIES NOMINAL ANCHOR NOMINAL INTEREST RATE OIL POVERTY REDUCTION PRIMARY SURPLUS PRIVATE BANKS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROFITABILITY PUBLIC CONSUMPTION PUBLIC DEBT PUBLIC DEBT SUSTAINABILITY PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC GOVERNANCE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEBT PURCHASING POWER REAL APPRECIATION REAL EXCHANGE REAL EXCHANGE RATE REAL GDP REAL GNP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL TERMS REAL WAGE REAL WAGES RECAPITALIZATION SMALL BUSINESS SOCIAL SECURITY STATE BANKS STRUCTURAL REFORMS SUSTAINED GROWTH T-BILLS TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGES This report addresses key questions facing Turkish policymakers: how to sustain the economic recovery that began in 2002 following the deep crisis of 2001, how to ensure disinflation and public debt sustainability, and how to foster broad-based and equitably distributed growth in the future. After a brief review of the 2001 crisis and the Government response, the report analyzes the economic opportunities and challenges facing Turkey, and identifies policies to build on the economic recovery which began in 2002. The CEM develops a comprehensive four-point agenda for sustainable and more equitably distributed growth. The agenda encompasses: (i) macroeconomic stability, (ii) effective government, (iii) improved business environment, and (iv) stronger social policies. The report closes with medium-term macroeconomic projections to illustrate Turkey's prospects under a scenario of sustained reform and to highlight the risks to growth and macroeconomic stability should the economic program go off track. 2013-07-31T20:23:55Z 2013-07-31T20:23:55Z 2003-07-28 http://documents.worldbank.org/curated/en/2003/07/2487285/turkey-country-economic-memorandum-towards-macroeconomic-stability-sustained-growth-vol-2-3-main-report http://hdl.handle.net/10986/14704 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Europe and Central Asia Turkey |