Includes bibliographical references (pages 72-73).
Overview / Mark Griffiths and Reza Moghadam -- Economic growth in Turkey, 1960-2000 / Ashoka Mody and Martin Schindler -- Turkey's inflation process / Oya Celasun and Donal McGettigan -- Balance sheet developments since the crisis / Christian Keller and Chris Lane -- How much debt is too much? / Christoph Klingen -- Progress and challenges in public debt management / Cheng Hoon Lim -- Lessons from an empirical model of fiscal policy in emerging markets / Xavier Debrun -- Sustainability of the fiscal adjustment / Ernesto Ramirez Rigo -- Bank restructuring and financial sector reform / Mats Josefsson and David Marston -- Labor market developments / Mathew Verghis -- Conclusions / Donal McGettigan and Reza Moghadam