that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …

Although Turkey’s economic performance has been strong, growing external imbalances exposed the country to a reversal …

This paper examines Turkey’s Seventh Review Under the Stand-By Arrangement, and Requests for Waiver of Applicability …

This paper assesses Turkey’s Tenth Review Under the Stand-By Arrangement (SBA). The IMF supports Turkey’s economic …

This paper examines Turkey’s 2002 Article IV Consultation and First Review Under the Stand-By Arrangement (SBA). In … against future crises, and to continue Turkey’s ambitious reform agenda. Under the 2002–04 Program, the continuation of the …

This paper examines Turkey’s Request for a Stand-By Arrangement (SBA). The program contains several measures to free up … the growth potential of Turkey’s private sector. The program rightly addresses key obstacles to domestic and foreign … private investment. Although the program faces real risks, Turkey’s policy record under the May 2001 program increases the …