Description
Book SynopsisWhat 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.
Table of ContentsContents: 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
