countries however, such as Egypt, Lebanon and Turkey; have undertaken this sort of programs in the last 10-15 years. I depart …-rate-based stabilization program in Turkey: When the government lowers the rate of crawl, the rate of domestic credit creation is set equal to ….4% actual) observed in Turkey following the inception of the program …

financial markets, and imperfect though vibrant and wide-based democracy, Turkey is often cited as a development model for other … in privatising state-owned enterprises, and high and persistent government budget deficits. In January 2000 Turkey …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises …