Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 1. Summary 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/2003/07/2487272/turkey-country-economic-memorandum-towards-macroeconomic-stability-sustained-growth-vol-1-3-summary-report http://hdl.handle.net/10986/14625 |
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okr-10986-14625 |
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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 |
ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURE BANK RESTRUCTURING BANKING CRISES BANKING SECTOR BANKING SYSTEM BENCHMARK BUSINESS CYCLE CAPITA GROWTH CAPITA INCOME CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MOBILITY CAPITAL OUTFLOWS CENTRAL BANK CHRONIC INFLATION CIVIL SERVICE COMPETITIVENESS CONSUMER PRICE INDEX CONTINGENT LIABILITIES CPI CURRENCY BOARD CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEMOGRAPHICS DEPOSITS DEVALUATION DISINFLATION ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC REFORM EMERGING ECONOMIES EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE PEG EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATE SYSTEMS EXOGENOUS SHOCKS EXPORT GROWTH EXPORTS EXTERNAL SHOCKS FACTOR INCOME FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR REFORM FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL ADJUSTMENT FISCAL MEASURES FISCAL POLICY FISCAL SUSTAINABILITY FIXED EXCHANGE RATE FOREIGN EXCHANGE GDP GDP PER CAPITA GNP GOVERNMENT SECURITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE HIGH INFLATION HUMAN CAPITAL HUMAN DEVELOPMENT IMPORTS INCOME GROUPS INFLATION RATE INFLATION RATES INFLATION TARGETS INTERNATIONAL INVESTORS INVENTORY LABOR FORCE LABOR MARKET LEGISLATION LIQUIDITY MACRO POLICIES MACROECONOMIC CONDITIONS MACROECONOMIC FRAMEWORK MACROECONOMIC INSTABILITY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET CONFIDENCE MARKET ECONOMIES MARKET LIBERALIZATION NOMINAL ANCHOR NOMINAL EXCHANGE RATE OIL OIL PRICES OUTPUT GROWTH PER CAPITA INCOME POLICY CREDIBILITY POVERTY REDUCTION PRIMARY SURPLUS PRIVATE BANKS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PROFIT MARGINS PUBLIC CONSUMPTION PUBLIC DEBT PUBLIC DEBT SUSTAINABILITY PUBLIC GOVERNANCE PUBLIC SECTOR PUBLIC SERVICES REAL EXCHANGE REAL EXCHANGE RATE REAL GDP REAL GNP REAL GROWTH REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL PROGRESS REAL WAGES REFORM AGENDA RISK AVERSION RISK FACTORS RISK PREMIUM SECTOR RESTRUCTURING SOCIAL SECURITY STATE BANKS STRUCTURAL REFORMS SUSTAINABLE GROWTH SUSTAINED GROWTH TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TROUGH UNEMPLOYMENT UNEMPLOYMENT RATE 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 |
| spellingShingle |
ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURE BANK RESTRUCTURING BANKING CRISES BANKING SECTOR BANKING SYSTEM BENCHMARK BUSINESS CYCLE CAPITA GROWTH CAPITA INCOME CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MOBILITY CAPITAL OUTFLOWS CENTRAL BANK CHRONIC INFLATION CIVIL SERVICE COMPETITIVENESS CONSUMER PRICE INDEX CONTINGENT LIABILITIES CPI CURRENCY BOARD CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEMOGRAPHICS DEPOSITS DEVALUATION DISINFLATION ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC REFORM EMERGING ECONOMIES EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE PEG EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATE SYSTEMS EXOGENOUS SHOCKS EXPORT GROWTH EXPORTS EXTERNAL SHOCKS FACTOR INCOME FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR REFORM FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL ADJUSTMENT FISCAL MEASURES FISCAL POLICY FISCAL SUSTAINABILITY FIXED EXCHANGE RATE FOREIGN EXCHANGE GDP GDP PER CAPITA GNP GOVERNMENT SECURITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE HIGH INFLATION HUMAN CAPITAL HUMAN DEVELOPMENT IMPORTS INCOME GROUPS INFLATION RATE INFLATION RATES INFLATION TARGETS INTERNATIONAL INVESTORS INVENTORY LABOR FORCE LABOR MARKET LEGISLATION LIQUIDITY MACRO POLICIES MACROECONOMIC CONDITIONS MACROECONOMIC FRAMEWORK MACROECONOMIC INSTABILITY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET CONFIDENCE MARKET ECONOMIES MARKET LIBERALIZATION NOMINAL ANCHOR NOMINAL EXCHANGE RATE OIL OIL PRICES OUTPUT GROWTH PER CAPITA INCOME POLICY CREDIBILITY POVERTY REDUCTION PRIMARY SURPLUS PRIVATE BANKS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PROFIT MARGINS PUBLIC CONSUMPTION PUBLIC DEBT PUBLIC DEBT SUSTAINABILITY PUBLIC GOVERNANCE PUBLIC SECTOR PUBLIC SERVICES REAL EXCHANGE REAL EXCHANGE RATE REAL GDP REAL GNP REAL GROWTH REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL PROGRESS REAL WAGES REFORM AGENDA RISK AVERSION RISK FACTORS RISK PREMIUM SECTOR RESTRUCTURING SOCIAL SECURITY STATE BANKS STRUCTURAL REFORMS SUSTAINABLE GROWTH SUSTAINED GROWTH TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TROUGH UNEMPLOYMENT UNEMPLOYMENT RATE 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 World Bank Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 1. Summary 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 1. Summary Report |
| title_short |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 1. Summary Report |
| title_full |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 1. Summary Report |
| title_fullStr |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 1. Summary Report |
| title_full_unstemmed |
Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 1. Summary Report |
| title_sort |
turkey - country economic memorandum : towards macroeconomic stability and sustained growth, volume 1. summary report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/07/2487272/turkey-country-economic-memorandum-towards-macroeconomic-stability-sustained-growth-vol-1-3-summary-report http://hdl.handle.net/10986/14625 |
| _version_ |
1764428089896468480 |
| spelling |
okr-10986-146252021-04-23T14:03:16Z Turkey - Country Economic Memorandum : Towards Macroeconomic Stability and Sustained Growth, Volume 1. Summary Report World Bank ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURE BANK RESTRUCTURING BANKING CRISES BANKING SECTOR BANKING SYSTEM BENCHMARK BUSINESS CYCLE CAPITA GROWTH CAPITA INCOME CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MOBILITY CAPITAL OUTFLOWS CENTRAL BANK CHRONIC INFLATION CIVIL SERVICE COMPETITIVENESS CONSUMER PRICE INDEX CONTINGENT LIABILITIES CPI CURRENCY BOARD CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEMOGRAPHICS DEPOSITS DEVALUATION DISINFLATION ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC REFORM EMERGING ECONOMIES EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE PEG EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATE SYSTEMS EXOGENOUS SHOCKS EXPORT GROWTH EXPORTS EXTERNAL SHOCKS FACTOR INCOME FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR REFORM FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL ADJUSTMENT FISCAL MEASURES FISCAL POLICY FISCAL SUSTAINABILITY FIXED EXCHANGE RATE FOREIGN EXCHANGE GDP GDP PER CAPITA GNP GOVERNMENT SECURITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE HIGH INFLATION HUMAN CAPITAL HUMAN DEVELOPMENT IMPORTS INCOME GROUPS INFLATION RATE INFLATION RATES INFLATION TARGETS INTERNATIONAL INVESTORS INVENTORY LABOR FORCE LABOR MARKET LEGISLATION LIQUIDITY MACRO POLICIES MACROECONOMIC CONDITIONS MACROECONOMIC FRAMEWORK MACROECONOMIC INSTABILITY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET CONFIDENCE MARKET ECONOMIES MARKET LIBERALIZATION NOMINAL ANCHOR NOMINAL EXCHANGE RATE OIL OIL PRICES OUTPUT GROWTH PER CAPITA INCOME POLICY CREDIBILITY POVERTY REDUCTION PRIMARY SURPLUS PRIVATE BANKS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PROFIT MARGINS PUBLIC CONSUMPTION PUBLIC DEBT PUBLIC DEBT SUSTAINABILITY PUBLIC GOVERNANCE PUBLIC SECTOR PUBLIC SERVICES REAL EXCHANGE REAL EXCHANGE RATE REAL GDP REAL GNP REAL GROWTH REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL PROGRESS REAL WAGES REFORM AGENDA RISK AVERSION RISK FACTORS RISK PREMIUM SECTOR RESTRUCTURING SOCIAL SECURITY STATE BANKS STRUCTURAL REFORMS SUSTAINABLE GROWTH SUSTAINED GROWTH TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TROUGH UNEMPLOYMENT UNEMPLOYMENT RATE 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 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. 2013-07-26T17:41:06Z 2013-07-26T17:41:06Z 2003-07-28 http://documents.worldbank.org/curated/en/2003/07/2487272/turkey-country-economic-memorandum-towards-macroeconomic-stability-sustained-growth-vol-1-3-summary-report http://hdl.handle.net/10986/14625 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 |