fundamentals. The main risk for Turkey remains a capital flows reversal, associated with monetary policy normalization in advance …

This Selected Issues paper on Turkey discusses the new monetary framework adopted by the Central Bank of Republic of … Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation …

This Selected Issues paper examines the external imbalance situation in Turkey. Turkey’s current account deficit is …

This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 …

This Selected Issues paper analyzes the capital flows in Turkey. The empirical analysis in this paper uses exchange … market pressure index to identify the determinants of capital flows to Turkey. It is observed that exchange market pressures … in Turkey seem to a degree, larger than in other emerging economies, and to be linked to risk factors, both global and …

The staff report for the Sixth Review and Inflation Consultation Under the Stand-By Arrangement on Turkey explains the …

The staff report for the 2007 Article IV Consultation highlights Turkey’s economic revival and policies to entrench … macroeconomic stability. Turkey has experienced an impressive economic revival in recent years. Exports have continued to gain … considered that Turkey needs to manage vulnerabilities carefully and address structural challenges to increase the economy …

This Financial System Stability Assessment on Turkey discusses macroeconomic development and trend in the financial … system. The financial system does not appear to face major immediate threats, but vulnerabilities remain. Turkey remains …