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Macroeconomic Policies for EU Accession
What macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors – well-known economists and policymakers – examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on the specific situation of Turkey, the lessons are informative for other candidate countries and the findings directly relevant to the process of European integration.
More Information
Contributors
Contents
More Information
What macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors – well-known economists and policymakers – examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on the specific situation of Turkey, the lessons are informative for other candidate countries and the findings directly relevant to the process of European integration.
The book is divided into four parts:
• fiscal policies and sustainability of public finances
• monetary policy challenges
• preconditions for euro adoption
• sustainable regimes of capital movements.
Each topic is studied in two consecutive papers, concentrating first on the challenges faced by the countries of the EU, and then by Turkey. Several papers review the experiences from the previous round of EU accession and the implications of these for Turkey.
Macroeconomic Policies for EU Accession will appeal to policymakers, bureaucrats and academics interested in the macroeconomic problems of EU accession and European integration.
The book is divided into four parts:
• fiscal policies and sustainability of public finances
• monetary policy challenges
• preconditions for euro adoption
• sustainable regimes of capital movements.
Each topic is studied in two consecutive papers, concentrating first on the challenges faced by the countries of the EU, and then by Turkey. Several papers review the experiences from the previous round of EU accession and the implications of these for Turkey.
Macroeconomic Policies for EU Accession will appeal to policymakers, bureaucrats and academics interested in the macroeconomic problems of EU accession and European integration.
Contributors
Contributors: E. Başçı, H. Berument, M. Buti, F. Canova, O. Choudhry, P. De Grauwe, B. Eichengreen, H. Ersel, C. Favero, R. Hausmann, A.H. Kara, A.O. Krueger, A.M. Kutan, M.J.M. Neumann, L.T. Orlowski, F. Özatay, G.C. Scott, S. Serdengeçti, F. Taşkın, S. Togan, P. van der Haegen, J. von Hagen, M. Watson, T.M. Yiğit
Contents
Contents:
Preface
Introduction
Erdem Başçı, Sübidey Togan and Jürgen von Hagen
1. Opening Remarks
Süreyya Serdengeçti and Anne O. Krueger
2. Fiscal Policies and Sustainability of Public Finances in the European Union
Jürgen von Hagen
Comments
Taner M. Yiğit
3. Fiscal Policy Challenges, Sustainability of Public Finances and EU Accession: The Case of Turkey
Graham C. Scott
Comments
Erdem Başçı
4. Monetary Policy in the Euro Area: Lessons from Five Years of the ECB and then Implications for Turkey
Fabio Canova and Carlo Favero
Comments
Hakan Berument
5. Monetary Policy Challenges for Turkey in the European Union Accession Process
Fatih Özatay
Comments
Ricardo Hausmann
6. Monetary and Fiscal Policy in Poland During EU Accession
Lucjan T. Orlowski
Comments
Ali M. Kutan
7. Preconditions for a Successful Euro Adoption
Paul De Grauwe
Comments
Ali Hakan Kara
8. Managing Capital Inflows: Eastern Europe in an Asian Mirror
Barry Eichengreen and Omar Choudhry
Comments
Fatma Taşkın
9. Current Account Sustainability: The Case of Turkey
Sübidey Togan and Hasan Ersel
Comments
Manfred J.M. Neumann
10. Macro Policy Challenges for Turkey: Some Comments
Marco Buti, Max Watson, Pierre van der Haegen and Ricardo Hausmann
10.1 Growth and Stability During Convergence: Experiences of EU Member States
Marco Buti and Max Watson
10.2 Macroeconomic Challenges for EU Accession: The Case of Turkey
Pierre van der Haegen
10.3 Macro Policy Challenges for Turkey: Some Comments
Ricardo Hausmann
Index
Preface
Introduction
Erdem Başçı, Sübidey Togan and Jürgen von Hagen
1. Opening Remarks
Süreyya Serdengeçti and Anne O. Krueger
2. Fiscal Policies and Sustainability of Public Finances in the European Union
Jürgen von Hagen
Comments
Taner M. Yiğit
3. Fiscal Policy Challenges, Sustainability of Public Finances and EU Accession: The Case of Turkey
Graham C. Scott
Comments
Erdem Başçı
4. Monetary Policy in the Euro Area: Lessons from Five Years of the ECB and then Implications for Turkey
Fabio Canova and Carlo Favero
Comments
Hakan Berument
5. Monetary Policy Challenges for Turkey in the European Union Accession Process
Fatih Özatay
Comments
Ricardo Hausmann
6. Monetary and Fiscal Policy in Poland During EU Accession
Lucjan T. Orlowski
Comments
Ali M. Kutan
7. Preconditions for a Successful Euro Adoption
Paul De Grauwe
Comments
Ali Hakan Kara
8. Managing Capital Inflows: Eastern Europe in an Asian Mirror
Barry Eichengreen and Omar Choudhry
Comments
Fatma Taşkın
9. Current Account Sustainability: The Case of Turkey
Sübidey Togan and Hasan Ersel
Comments
Manfred J.M. Neumann
10. Macro Policy Challenges for Turkey: Some Comments
Marco Buti, Max Watson, Pierre van der Haegen and Ricardo Hausmann
10.1 Growth and Stability During Convergence: Experiences of EU Member States
Marco Buti and Max Watson
10.2 Macroeconomic Challenges for EU Accession: The Case of Turkey
Pierre van der Haegen
10.3 Macro Policy Challenges for Turkey: Some Comments
Ricardo Hausmann
Index
