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Appendix I. Interest Rate Liberalization and the Demand for Money

Appendix I. Interest Rate Liberalization and the Demand for Money »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

In recent years there has been a growing recognition among analysts and policymakers of interest rate policy as a major instrument for mobilizing financial resources in developing c...

Appendix II. Statistical Tables

Appendix II. Statistical Tables »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

Table 7. Turkey: National Expenditure and Product, 1980–85...

I. Introduction

I. Introduction »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

Following a severe balance of payments crisis in the late 1970s, in January 1980 Turkey embarked on a far-reaching stabilization and structural adjustment program. To support this effort, the International M...

II. Background

II. Background »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

For half a century, from the advent of the great depression through the end of the 1970s—except for a short-lived liberalization in 1950–53—Turkey followed an inward-looking economic strategy with heavy reli...

III. Context of Adjustment

III. Context of Adjustment »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

In order to evaluate the impact of the 1980–85 adjustment program on economic performance, it is necessary to examine the external conditions, as well as the assistance provided during the program period....

IV. Structural Reform

IV. Structural Reform »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

Beginning in 1980 Turkey embarked on a fundamental economic transformation, breaking with the inward-looking etatist strategy of the past. Although by no means exhaustive, this section focuses on the main ar...

Structural Reform, Stabilization, and Growth in Turkey

Structural Reform, Stabilization, and Growth in Turkey »

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

DOI: http://dx.doi.org/10.5089/9780939934843.084

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

Following a severe balance of payments crisis in the late 1970s, in January 1980 Turkey embarked on a far reaching stabilization and structural adjustment program....

Front Matter

Front Matter »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

Following a severe balance of payments crisis in the late 1970s, in January 1980 Turkey embarked on a far reaching stabilization and structural adjustment program....

V. Stabilization Policies

V. Stabilization Policies »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

The structural measures discussed above were underpinned by a marked tightening of demand management policies at the outset of the program. Beyond the initial years of the adjustment, however, it proved incr...

VI. Economic Performance

VI. Economic Performance »

Source: Structural Reform, Stabilization, and Growth in Turkey

Series: Occasional Papers

Author(s): George Kopits

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1987

ISBN: 9780939934843

Keywords: inflation, central bank, monetary fund, balance of payments, exchange rate

The economic situation continued to deteriorate well into 1980. For the year as whole, real GNP and fixed investment fell 1 percent and 10 percent (private fixed investment falling by 17 percent), respective...