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3. The Role of Risk Management in Public Debt Management: The Case of Turkey

  • 2020
  • OriginalPaper
  • Chapter
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Abstract

Turkey recorded a significant sucess in managing its public debt after 2001 onwards. Specifically, central government budget deficit decreased from 11,6 percent as a share of GDP to 1,5 percent during 2001–2017. Similarly, the European Union defined general government debt as a share of GDP has been reduced from 72,1 percent to 28,3 percent during the same period. Turkey not only decreased deficit and debt levels but also improved the structure of its debt, thanks to the risk management practices implemented in this period. The aim of this paper is to analyze the role of risk management practices of Turkish Treasury in public debt management.

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Title
The Role of Risk Management in Public Debt Management: The Case of Turkey
Author
Hakkı Karataş
Copyright Year
2020
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-15-4226-8_3
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