Yıl 2018, Cilt 3 , Sayı 1, Sayfalar 1 - 34 2018-03-30

The Effects of the IMF’s Quota and Governance Reforms on Turkey

Zeki Tuğrul GÖVER [1]


Turkey became a member of the IMF in 1947 and has resorted to IMF sources many times since then. Turkey signed 19 Stand-By Arrangements with the IMF when faced with liquidity problems. Several studies have already provided detailed information about the history and evolution of the relationship between the IMF and Turkey. However, we have not come across studies about the reform efforts carried out by the
IMF since 2006 and their effects on Turkey. The IMF reforms completed during the 2006-2016 period positively affected Turkey's voting power, the amount of potential financing it could use, and its representation at the Executive Board. Yet, the conditionality principle, which applies to all countries, remains valid for Turkey as well. Therefore, it would benefit Turkey to explore alternative ways in which it can obtain potential financing on more flexible terms than the IMF. The objectives of the study are to examine the reform efforts carried out by the IMF during the period 2006- 2016 and their impact on Turkey and, to discuss the possibility of obtaining funds from other components of the Global Financial Safety Net for Turkey

IMF, Global Financial Safety Net, conditionality
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Birincil Dil en
Konular İşletme
Bölüm Yayın İlkeleri
Yazarlar

Yazar: Zeki Tuğrul GÖVER (Sorumlu Yazar)
Kurum: Undersecretariat of Treasury, Turkey
Ülke: Turkey


Tarihler

Başvuru Tarihi : 25 Aralık 2017
Kabul Tarihi : 26 Eylül 2018
Yayımlanma Tarihi : 30 Mart 2018

APA Göver, Z . (2018). The Effects of the IMF’s Quota and Governance Reforms on Turkey . Bulletin of Economic Theory and Analysis , 3 (1) , 1-34 . DOI: 10.25229/beta.370629