Front Matter

Author(s):
Donal McGettigan, Xavier Debrun, Mark Griffiths, Reza Moghadam, Ernesto Ramirez Rigo, Martin Schindler, Mats Josefsson, Cheng Lim, Christian Keller, Christoph Klingen, Chris Lane, Oya Celasun, Ashoka Mody, Dewitt Marston, and Mathew Verghis
Published Date:
September 2005
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    Turkey at the Crossroads From Crisis Resolution to EU Accession

    Prepared by a team led by Reza Moghadam

    INTERNATIONAL MONETARY FUND

    Washington, D.C.

    2005

    © 2005 International Monetary Fund

    Production: IMF Multimedia Services Division

    Cataloging-in-Publication Data

    Turkey at the crossroads : from crisis resolution to EU accession / prepared by a team led by Reza Moghadam—Washington, D.C. : International Monetary Fund, 2005

    p. cm.—(Occasional paper) ; 242

    Includes bibliographical references

    ISBN 1-58906-386-4

    1. Turkey—Economic conditions. 2. Turkey—Economic conditions—Statistics. 3. Inflation (Finance)—Turkey. 4. Debts, Public—Turkey. 5. Labor market—Turkey. I. Moghadam, Reza. II. Occasional paper (International Monetary Fund ; no. 242 HC492.T87 2005

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    Contents

    Preface

    This Occasional Paper analyzes the transformation of Turkey’s economic performance under its reform program supported by the International Monetary Fund, and sets out guideposts for the reform agenda that lies ahead. The paper was prepared by a team led by Reza Moghadam. The authors—Oya Celasun, Xavier Debrun, Mark Griffiths, Mats Josefsson, Christian Keller, Christoph Klingen, Chris Lane, Cheng Hoon Lim, David Marston, Donal McGettigan, Ashoka Mody, Ernesto Ramirez Rigo, Martin Schindler, and Mathew Verghis—include staff who have worked closely on the IMF program in Turkey, together with members of a number of the IMF’s functional departments, in particular the Research Department, as well as World Bank staff.

    The analysis is based on data available as of July 2004. However, more recent data do not alter the thrust of the analysis.

    The authors would like to thank Michael Deppler, Susan Schadler, and Odd Per Brekk for their guidance and advice on these studies, and also for deepening our understanding of the economic issues facing Turkey more generally. We are also grateful to the Turkish authorities and to participants in seminars held in Ankara and Istanbul for discussions and comments, which have improved the papers. Chanpheng Dara provided excellent research assistance throughout, while Julie Burton, Connie Strayer, and Alimata Kini Kabore ably assisted in preparing the manuscript. The External Relations Department edited the manuscript and coordinated production of the publication.

    The opinions expressed in this paper are solely those of its authors and do not necessarily reflect the views of the International Monetary Fund, its Executive Directors, or the Turkish authorities.

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