Derginin Adı: Balıkesir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi
Cilt: 1998/1
Sayı: 1
Makale Alternatif Dilde Başlık: Alternatif dilde başlık bulunmamaktadır. There is no article title in another language.)
Makale Eklenme Tarihi: 3.3.2011
Okunma Sayısı: 7
Makale Özeti: Economic Monetary Union (EMU) which is qualified as the last rang of the economic integration process of the Union of Europe makes necessary the abolition of all kind of restrictions agains the free circulation of capitals within the union, the realization of the convertibility and a complete warranty about the protection of this convertibility and the annulation of the bank exrenses in currency exchanges, For this purpose the fact that European Monetary Union can not be reached only with decisions and measures, but with the installation of the of the basic stable labour mechanisms, permitted the foundation of the Europen Monetary System (EMS) on the 13th of March 1979 which has aimed a crention of a stable monetary field. Nowadays, the conditions of the participation to the monetary union in Europen Monetary System, have been defined with the Maastricht (Konvergenz) criterias. When these criterias are considered, the four countries to enter the monetary union are Denmark, Ireland, Luxemboury and Nederland. The situation of Turkey is very critical. If we take in consideration its inflation and interest rates. Neverthless when we take a look at the statistics for the period 1990-1996, we can see that Turkey has fully observed the state debts criterias and has almost renched the budget deficit criterias. But Turkey has not had the same performance in the public deficit criterias. The public deficit ant national income rate is 9.6 percent and it is twice of the European union average. The fact that Turkey could be in harmony with the criterias for EPB concerning the interest rate and currency rate stability depends on the change of politics in public financing system which gets interior debt. In this way the increasing effect of the interest rate of the interior indebtment would be limited and short term capitals would not effect negatively the competitive power of currency rate. So it will be possible for Turkish Lira to maintain its real value in front of the foreing currencies in a stable manner.
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