01685cas a2200241 a 4500 AALejournalIMF007025 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451837971 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Turkey : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (136 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews economic developments in Turkey during 1992-95. Economic activity expanded sharply in 1993, sustained by buoyant domestic demand that was underpinned by expansionary fiscal and monetary policies, but accompanied by a large deterioration in the current account position. The unsustainability of this policy stance resulted in an exchange and financial market crisis in the first months of 1994. In April 1994, the authorities announced a comprehensive stabilization program that included substantial fiscal retrenchment, monetary tightening, and a structural reform agenda intended to strengthen the adjustment effort over the medium term. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1995/043 Full text available on IMF http://elibrary.imf.org/view/journals/002/1995/043/002.1995.issue-043-en.xml IMF e-Library