Reforming public debt governance in Turkey to reach debt sustainability

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buir.contributor.authorTogan, Sübidey
buir.contributor.orcidTogan, Sübidey|0000-0003-2052-6555
dc.citation.epage1076en_US
dc.citation.spage1057en_US
dc.citation.volumeNumber44en_US
dc.contributor.authorTogan Eğrican, A.
dc.contributor.authorCaner, S.
dc.contributor.authorTogan, Sübidey
dc.date.accessioned2023-02-14T11:22:51Z
dc.date.available2023-02-14T11:22:51Z
dc.date.issued2022-07-23
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe paper argues that the achievement of sustainability of public debt requiring the fulfillment of solvency and liquidity conditions in countries for which real interest rates are above the real growth rates is challenging and difficult. Since solvency is a rather complex concept and its governance is difficult and delicate, the paper maintains that such countries could try to achieve the sustainability of public debt by delegating the tasks of securing the observance of solvency and liquidity conditions to fiscal councils (FC) that need to be formed as autonomous public institutions with sufficient financial and technical resources. In Turkey FC needs to be assigned the further task of improving policymakers’ incentives to opt for sound government procurement and taxation policies that would lead to the achievement of efficient allocation of resources and elimination of corruption and nepotism in the economy.en_US
dc.description.provenanceSubmitted by Ezgi Uğurlu (ezgi.ugurlu@bilkent.edu.tr) on 2023-02-14T11:22:51Z No. of bitstreams: 1 Reforming_public_debt_governance_in_Turkey_to_reach_debt_sustainability.pdf: 775139 bytes, checksum: 68e1c7f613cece0e80edb8c18b141b2a (MD5)en
dc.description.provenanceMade available in DSpace on 2023-02-14T11:22:51Z (GMT). No. of bitstreams: 1 Reforming_public_debt_governance_in_Turkey_to_reach_debt_sustainability.pdf: 775139 bytes, checksum: 68e1c7f613cece0e80edb8c18b141b2a (MD5) Previous issue date: 2022-07-23en
dc.embargo.release2024-07-23
dc.identifier.doi10.1016/j.jpolmod.2022.07.004en_US
dc.identifier.eissn1873-8060
dc.identifier.issn0161-8938
dc.identifier.urihttp://hdl.handle.net/11693/111257
dc.language.isoEnglishen_US
dc.publisherElsevier Inc.en_US
dc.relation.isversionofhttps://doi.org/10.1016/j.jpolmod.2022.07.004en_US
dc.source.titleJournal of Policy Modelingen_US
dc.subjectPublic debten_US
dc.subjectSustainabilityen_US
dc.subjectTurkeyen_US
dc.titleReforming public debt governance in Turkey to reach debt sustainabilityen_US
dc.typeArticleen_US

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