Fiscal sovereignty in the context of relations betweeen Turkey and International Monetary Fund

ABSTRACTThe process that has started in the late 70?s and accelerated in 1980?s isbased on the changes of dimensions of the world economy and this situtaion iscalled globalization. Together with the globalization, the international economicorganizations are functioned as the executer and the supervisor of the internationalsystem. International Monetary Fund, Worls Trade Organization and the World Bankare the most important organizations of this process.As the state to state aids are ended as a result of dissepearing blocks, thefinancial requirements are met from international financial institutions, frominternational raiting institutions and especially with the interest rates determined bythe IMF references, has caused the economic policies of the countries to be dependedto this institutions.Especially IMF and WB are attaching some conditions to their credits that arehighly required by the developing countries for their developments. But this attachedconditions to the credits causes transformations on the soverignity of the creditdemanding countries and opens arguments on govermental legitemacy. Theconditions that is forced by the IMF, causes erosion of the fiscal sovereignty. Thissituation causes some suspicions on this organization and its applicationsTurkey since 1947 have increasing relations with IMF. But it is certain thatthe conditions that the fund attaches to the arrangements eroses the fiscal sovereignty