Caskurlu, Tolga; Pinar, Mustafa C.; Salih, Aslihan; … - Türkiye Cumhuriyet Merkez Bankası - 2008
This study examines the impact of foreign currency market interventions of the Central Bank of Turkey (CBT) in a multivariate GARCH framework. CBT has switched to the floating exchange rate regime since 2001 crisis and announced that the interventions in the foreign exchange markets are aimed at...
