European Parliament Library

Turkey :, Selected Issues

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
Table Of Contents
Cover; Contents; I. Introduction; II. Safe to Save Less? Assessing the Recent Decline in Turkey's Private Saving Rate; A. Introduction; B. Accounting for the Recent Fall in Private Saving; C. The Case for Seeking a Higher National Saving Rate; D. How Can National Saving Be Increased?; III. Should Turkey Adopt a Fiscal Rule?; A. Introduction; B. The Pros and Cons of Fiscal Rules; C. Should Turkey Adopt a Fiscal Rule?; D. What Kind of Rule Should Turkey Adopt?; E. What Should Turkey Do to Make a Fiscal Rule Credible?; F. Conclusions
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (47 p.)
Specific Material Designation
Form Of Item

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