SavedAdd your journal

Journals / Dumlupınar Üniversitesi Sosyal Bilimler Dergisi / 2009 / Cilt: 0 - Sayı: 25

Role of IMF arrangaments on credibility: The case of Turkey

Sevcan GÜNEŞ
Şakir GÖRMÜŞ
Pages
269–287
Publication Date
2022-10-11
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results showed that IMF arrangements increase Turkey’s credibility.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Economics is a science which tries to predict economic behaviour of individuals, firms and governments using macroeconomics variables as well as psychological variables.
📊
Key Findings & Data:This study aims to assess whether IMF arrangements increase the countries (the case study of Turkey) credibility of stabilization policies or not with ARDL model.
💡
Conclusion & Impact:The results showed that IMF arrangements increase Turkey’s credibility.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Economics is a science which tries to predict economic behaviour of individuals, firms and governments using macroeconomics variables as well as psychological variables. Credibility is one of the most important psychological variable which has an important effects upon macroeconomic variables. Goverment’s success to reach their macroeconomic targets depend on the perception of investors about goverment policies. If goverment policies are credible goverment can reach its macroeconomic targets easily. This study aims to assess whether IMF arrangements increase the countries (the case study of Turkey) credibility of stabilization policies or not with ARDL model. If IMF arrangements increase the countries’ credibility, countries can reach their macroeconomic targets by applying more flexible monetary and fiscal policies. The results showed that IMF arrangements increase Turkey’s credibility.

🔖

Cite This Article

GÜNEŞ, S., GÖRMÜŞ, Ş. (2022). Role of IMF arrangaments on credibility: The case of Turkey. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 25, 269–287. https://ajindex.com/articles/493402

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (19)

  1. Agenor, P.R. ve Taylor, M.P. (1993) “Analysing Credibility in High Inflation Countries:A New Approach”, The Economic Journal,Vol.103, No.417, ss.329-336.
  2. Baxter, M., (1985) “The Role of Expectations in Stabilization Policy,” of Monetary Economics, Vol. 15, 343-362.
  3. Berksoy T. ve Erdost C. (1982) “IMF, İstikrar Politikaları ve Türkiye”, Gazi Üniversitesi İktisat Bölümü Ekonomik Yaklaşım Dergisi,Cilt 3, sayı 7, ss.35-62.
  4. Bird, G. (2002) “The Credibility and Signalling Effect of IMF Programs”, Journal of Policy Modeling, Vol. 24, No. 9, ss.799-811.
  5. Bird, G. (2007) “The IMF:A Bird’s Eye View of its Role and Operations”, Journal of Economic Surves, Vol.21, No. 4, ss. 683-745.
  6. Blackburn, K. ve Christensen, M. (1989) “Monetary Policy and Policy ”, Journal of Economic Literature, Vol. 27, ss. 1–45.
  7. Büyükakın, T. (2003) “Enflasyonist Güdüler ve Güvenilirlik Problemi”, Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (6) 2003 / 2, ss.11-24.
  8. Çataloluk, C. (2005) Küreselleşme Sürecinde IMF İstikrar Politikalarının Etkinliği: Türkiye Örneği, T.C.Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü Maliye Ana Bilim Dalı Doktora Tezi. Çolak, Ö.F. (2002)
  9. Kriz ve IMF Politikaları, Aklim Yayınevi,
  10. İstanbul.
  11. Demircan, E.S. ve Ener, M. (2007) IMF’nin Gelişmekte Olan Ülkeler ve Türkiye’de Uygulanan İstikrar Programları Üzerine Etkileri, Çanakkale On Sekiz Mart Üniversitesi, ss.1-16. http://www.biibf.com.edu.tr/edemircanmenerm.pdf, 2007.
  12. Emsen, S.Ö. (2004) “Türkiye’de 1994-2001 Döneminde Uygulanan İstikrar Politikaları”, Kırgızistan-Türkiye Manas Üniversitesi Sosyal Bilimler Dergisi, ss.86-107. http://yordam.manas.kg/ekitap/pdf/Manasdergi/sbd/sbd5/sbd-5- 07.pdf, 2008.
  13. Erdost, C. (1982)
  14. IMF İstikrar Politikaları ve Türkiye, Savaş Yayınları, Ankara, ss.123-160.
  15. Esen, O. (2002) “Türkiye'de Uygulanan IMF Destekli Yapısal Programlar”, Kriz ve IMF Politikaları, Alkim Yayınevi, İstanbul, ss.1-240.
  16. Fukuyama, F. (1998) Güven Sosyal Erdemler Ve Refahın Yaratılmas, T.İş Bankası Kültür Yayınları (Çev.A. Bugdaycı), İstanbul, ss.1-429.
  17. Gujarati, D.N (1999). Temel ekonometri, (Çev. Ü. ŞENESEN & G.G.ŞENESEN). Literatür Yayınları,
  18. İstanbul.
  19. Karakurum-Özdemir, K. (2002) A Test of Credibility Enhancing Role of the IMF:The Case of Mexico, Boston College Graduate School of Arts and Sciences Department of Economics Doctor of Philosophy. Mody, A. ve Saravia, D. (2005) “Catalyzing Capital Flows: Do IMF-Supported Programs Work as Commitment Devices?”, IMF Working Paper, No. 03/100, ss.1-52. Nap