Reforming Public Debt Governance in Turkey To Reach Debt Sustainability

dc.authorid Togan Egrican, Asli/0000-0003-0489-6855
dc.authorwosid Togan Egrican, Asli/AAG-7990-2020
dc.contributor.author Egrican, Asli Togan
dc.contributor.author Togan Eğrican, Aslı
dc.contributor.author Caner, Selcuk
dc.contributor.author Togan, Subidey
dc.contributor.other International Trade and Finance
dc.date.accessioned 2023-10-19T15:11:43Z
dc.date.available 2023-10-19T15:11:43Z
dc.date.issued 2022
dc.department-temp [Egrican, Asli Togan] Kadir Has Univ, Fac Econ & Adm Sci, Dept Int Trade & Finance, Istanbul, Turkey; [Caner, Selcuk] Asian Dev Bank, Istanbul, Turkey; [Togan, Subidey] Bilkent Univ, Fac Econ Adm & Social Sci, Dept Econ, Istanbul, Turkey en_US
dc.description.abstract The 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. (c) 2022 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.. en_US
dc.identifier.citationcount 3
dc.identifier.doi 10.1016/j.jpolmod.2022.07.004 en_US
dc.identifier.endpage 1076 en_US
dc.identifier.issn 0161-8938
dc.identifier.issn 1873-8060
dc.identifier.issue 5 en_US
dc.identifier.scopus 2-s2.0-85141387902 en_US
dc.identifier.scopusquality Q1
dc.identifier.startpage 1057 en_US
dc.identifier.uri https://doi.org/10.1016/j.jpolmod.2022.07.004
dc.identifier.uri https://hdl.handle.net/20.500.12469/5189
dc.identifier.volume 44 en_US
dc.identifier.wos WOS:000895164400011 en_US
dc.identifier.wosquality Q2
dc.khas 20231019-WoS en_US
dc.language.iso en en_US
dc.publisher Elsevier Science Inc en_US
dc.relation.ispartof Journal of Policy Modeling en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.scopus.citedbyCount 11
dc.subject Fiscal Sustainability En_Us
dc.subject Time-Series En_Us
dc.subject Budget En_Us
dc.subject Fiscal Sustainability
dc.subject Public debt en_US
dc.subject Time-Series
dc.subject Sustainability en_US
dc.subject Budget
dc.subject Turkey en_US
dc.title Reforming Public Debt Governance in Turkey To Reach Debt Sustainability en_US
dc.type Article en_US
dc.wos.citedbyCount 7
dspace.entity.type Publication
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relation.isOrgUnitOfPublication.latestForDiscovery 16202dfd-a149-4884-98fb-ada5f8c12918

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