stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an … open trade policy regime, together with carefully sequenced financial liberalization with in a strengthened regulatory …

levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the … since the crisis and provides guideposts for future policy. …

adjustment of the balance of payments in the 1980s is presented as a prologue to the scrutiny of transformation policy underway …

Bundesbank monetary policy strategy contributed to this success. We analyze the strategy as it was conceived, communicated and … interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …

Bundesbank monetary policy strategy contributed to this success. We analyze the strategy as it was conceived, communicated and … interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …

. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption …The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime … countries with regard to the level of corruption. …

import substitution; examines the need to combine trade liberalization with fiscal policy and monetary policy measures …