PRELIMINARY PROGRAM

WEDNESDAY JULY 18:

8:45 AM CONTINENTAL BREAKFAST

9:00 AM OFFICIAL WELCOME

9:15 AM BACKGROUND: UP TO 1999

Chairman: JEFF FRANKEL, Harvard University and NBER
Panelists:   RUSDU SARACOGLU, former head of Turkey's central bank
                    TED TRUMAN, Institute for International Economics,former Federal Reserve Board and US Treasury
                     MOHAMED EL-ERIAN, PIMCO

11:00 AM THE STABILIZATION PROGRAM AND THE EXCHANGE RATE REGIME

Chairman: DANI RODRIK, Harvard University and NBER

Panelists: MAHFI EGILMEZ, former undersecy of Turkey's Treasury

CAROLINE ATKINSON, former US Treasury

ATISH (REX) GHOSH, International Monetary Fund

GEORGE HOGUET, State Street Global Advisers

KASPER BARTHOLDY, Credit Suisse First Boston

12:30 PM LUNCH

1:45 PM BANKING PROBLEMS, AND THE CRISIS OF FALL 2000

Chairman: MIKE DOOLEY, UC, Santa Cruz and NBER

Panelists: SELCUK DEMIRALP, former undersecretary of Turkey's Treasury

NOURIEL ROUBINI, NYU,

former CEA and US Treasury

CARLO COTTARELLI, International Monetary Fund

JOYCE CHANG, Chase Bank

3:15 PM BREAK

3:30 PM THE CRISIS OF FEBRUARY 2001, AND WHERE DO WE GO FROM HERE?

Chairman: MARTIN FELDSTEIN, Harvard University and NBER

Panelists: GAZI ERCEL, former head of Turkey's central bank

STEVE RADELET, US Treasury

MICHAEL DEPPLER, International Monetary Fund

PETER GARBER, Deutschebank

5:00 PM ADJOURN

BACKGROUND MATERIALS:

A Brief Account of the Turkish Economy, 1980-2000

Faruk Selçuk and Ahmet Ertugrul February 2001

The OECD Economic Survey of Turkey January 2001

The Disinflation Program and the Structure of the Turkish Banking Sector

C. Alper, M. Berument and N. Malatyalý

Monetary Policy Reaction Function in Turkey

Olcay Yucel Emir, Almila Karasoy, & Kursat Kunter,

Research Department of the Bank of Central Turkey

Turkey: Urgent need for large-scale foreign funding and/or domestic

insurance of dollar debt

K.Bartholdy & B.Bayazitoglu, Credit Suisse First Boston

Crunch Point: Turkey's Massive Debt, June 20, 2001

D.Malpass, T.Kearney, & E.Shayo, Bear Stearns

Capital Inflows and Central Bank's Policy Response, December, 1998

M.Altinkemer, Central Bank of the Republic of Turkey

07/10/01