The 2008-09 Crisis in Turkey: Performance, Policy Responses and Challenges for Sustaining the Recovery
Turkey is recovering from its most severe recession in several decades. The massive contraction in GDP is largely explained by the unprecedented collapse in foreign demand, which was aggravated in Turkey by negative confidence effects and structural problems with competitiveness prior to the crisis....
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Turkey is recovering from its most severe recession in several decades. The massive contraction in GDP is largely explained by the unprecedented collapse in foreign demand, which was aggravated in Turkey by negative confidence effects and structural problems with competitiveness prior to the crisis. In contrast to previous recessions, Turkey could afford counter-cyclical polices and the financial markets proved resilient. During the crisis, the authorities cut interest rates significantly and promptly and implemented fiscal stimulus. This truly novel experience was possible thanks to a better macroeconomic position, a sounder monetary and fiscal policy framework, and better financial market regulations. The immediate policy challenge is to gradually remove policy stimulus and address medium-term stability considerations in a way that does not jeopardise the recovery. This paper relates to the 2010 OECD Economic Review of Turkey (www.oecd.org/eco/surveys/turkey) |
| Beschreibung: | 1 Online-Ressource (29 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5km36j7d320s-en |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047931034 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2010 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/5km36j7d320s-en |2 doi | |
| 035 | |a (ZDB-13-SOC)061326127 | ||
| 035 | |a (OCoLC)1312707909 | ||
| 035 | |a (DE-599)BVBBV047931034 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Rawdanowicz, Łukasz |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The 2008-09 Crisis in Turkey |b Performance, Policy Responses and Challenges for Sustaining the Recovery |c Łukasz Rawdanowicz = La crise 2008-09 dans la Turquie : La performance, les réponses politiques et défis pour le maintien de récupération / Łukasz Rawdanowicz |
| 246 | 1 | 3 | |a La crise 2008-09 dans la Turquie |
| 264 | 1 | |a Paris |b OECD Publishing |c 2010 | |
| 300 | |a 1 Online-Ressource (29 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a Turkey is recovering from its most severe recession in several decades. The massive contraction in GDP is largely explained by the unprecedented collapse in foreign demand, which was aggravated in Turkey by negative confidence effects and structural problems with competitiveness prior to the crisis. In contrast to previous recessions, Turkey could afford counter-cyclical polices and the financial markets proved resilient. During the crisis, the authorities cut interest rates significantly and promptly and implemented fiscal stimulus. This truly novel experience was possible thanks to a better macroeconomic position, a sounder monetary and fiscal policy framework, and better financial market regulations. The immediate policy challenge is to gradually remove policy stimulus and address medium-term stability considerations in a way that does not jeopardise the recovery. This paper relates to the 2010 OECD Economic Review of Turkey (www.oecd.org/eco/surveys/turkey) | ||
| 650 | 4 | |a Economics | |
| 650 | 4 | |a Turkey | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/5km36j7d320s-en |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033312527 | |
Datensatz im Suchindex
| _version_ | 1818805995538743296 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Rawdanowicz, Łukasz |
| author_facet | Rawdanowicz, Łukasz |
| author_role | aut |
| author_sort | Rawdanowicz, Łukasz |
| author_variant | ł r łr |
| building | Verbundindex |
| bvnumber | BV047931034 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061326127 (OCoLC)1312707909 (DE-599)BVBBV047931034 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5km36j7d320s-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047931034</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2010 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5km36j7d320s-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061326127</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312707909</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047931034</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Rawdanowicz, Łukasz</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The 2008-09 Crisis in Turkey</subfield><subfield code="b">Performance, Policy Responses and Challenges for Sustaining the Recovery</subfield><subfield code="c">Łukasz Rawdanowicz = La crise 2008-09 dans la Turquie : La performance, les réponses politiques et défis pour le maintien de récupération / Łukasz Rawdanowicz</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">La crise 2008-09 dans la Turquie</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (29 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Turkey is recovering from its most severe recession in several decades. The massive contraction in GDP is largely explained by the unprecedented collapse in foreign demand, which was aggravated in Turkey by negative confidence effects and structural problems with competitiveness prior to the crisis. In contrast to previous recessions, Turkey could afford counter-cyclical polices and the financial markets proved resilient. During the crisis, the authorities cut interest rates significantly and promptly and implemented fiscal stimulus. This truly novel experience was possible thanks to a better macroeconomic position, a sounder monetary and fiscal policy framework, and better financial market regulations. The immediate policy challenge is to gradually remove policy stimulus and address medium-term stability considerations in a way that does not jeopardise the recovery. This paper relates to the 2010 OECD Economic Review of Turkey (www.oecd.org/eco/surveys/turkey)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Turkey</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/5km36j7d320s-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033312527</subfield></datafield></record></collection> |
| id | DE-604.BV047931034 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:34:56Z |
| indexdate | 2024-12-18T19:02:44Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033312527 |
| oclc_num | 1312707909 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (29 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Rawdanowicz, Łukasz Verfasser aut The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery Łukasz Rawdanowicz = La crise 2008-09 dans la Turquie : La performance, les réponses politiques et défis pour le maintien de récupération / Łukasz Rawdanowicz La crise 2008-09 dans la Turquie Paris OECD Publishing 2010 1 Online-Ressource (29 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Turkey is recovering from its most severe recession in several decades. The massive contraction in GDP is largely explained by the unprecedented collapse in foreign demand, which was aggravated in Turkey by negative confidence effects and structural problems with competitiveness prior to the crisis. In contrast to previous recessions, Turkey could afford counter-cyclical polices and the financial markets proved resilient. During the crisis, the authorities cut interest rates significantly and promptly and implemented fiscal stimulus. This truly novel experience was possible thanks to a better macroeconomic position, a sounder monetary and fiscal policy framework, and better financial market regulations. The immediate policy challenge is to gradually remove policy stimulus and address medium-term stability considerations in a way that does not jeopardise the recovery. This paper relates to the 2010 OECD Economic Review of Turkey (www.oecd.org/eco/surveys/turkey) Economics Turkey https://doi.org/10.1787/5km36j7d320s-en Verlag kostenfrei Volltext |
| spellingShingle | Rawdanowicz, Łukasz The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery Economics Turkey |
| title | The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery |
| title_alt | La crise 2008-09 dans la Turquie |
| title_auth | The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery |
| title_exact_search | The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery |
| title_exact_search_txtP | The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery |
| title_full | The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery Łukasz Rawdanowicz = La crise 2008-09 dans la Turquie : La performance, les réponses politiques et défis pour le maintien de récupération / Łukasz Rawdanowicz |
| title_fullStr | The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery Łukasz Rawdanowicz = La crise 2008-09 dans la Turquie : La performance, les réponses politiques et défis pour le maintien de récupération / Łukasz Rawdanowicz |
| title_full_unstemmed | The 2008-09 Crisis in Turkey Performance, Policy Responses and Challenges for Sustaining the Recovery Łukasz Rawdanowicz = La crise 2008-09 dans la Turquie : La performance, les réponses politiques et défis pour le maintien de récupération / Łukasz Rawdanowicz |
| title_short | The 2008-09 Crisis in Turkey |
| title_sort | the 2008 09 crisis in turkey performance policy responses and challenges for sustaining the recovery |
| title_sub | Performance, Policy Responses and Challenges for Sustaining the Recovery |
| topic | Economics Turkey |
| topic_facet | Economics Turkey |
| url | https://doi.org/10.1787/5km36j7d320s-en |
| work_keys_str_mv | AT rawdanowiczłukasz the200809crisisinturkeyperformancepolicyresponsesandchallengesforsustainingtherecovery AT rawdanowiczłukasz lacrise200809danslaturquie |