Turkish Abstract: Bu calisma uzun zaman once yazilmis olmasina ragmen bugun dahi onemini korumaktadir. Her seyden once geleneksel olmayan bir ulke finansmanini konu almaktadir. 1959 yilindan basliyarak OECD, bugunku ulke politikalarina yon vermek kaydiyla calisan IMF gibi kuruluslardan biri...

In this paper, a macroeconomic performance index (MEP10) which consists of selected ten indicators is proposed to evaluate the relative performance of Turkish governments by using monthly data for the period of December 1987 – April 2007. According to the multi-staged evaluation process...

In this paper we have estimated the monetary reaction function of the Central Bank of Republic of Turkey. The originality of the paper is that we have used smooth transition functions (STR) that allow for proper modelling of nonlinearities and asymmetries in the relationship between variables...

Klasik gelenek, konjonktür dalgalarını piyasa mekanizmasının kendiliğinden ortadan kaldırabileceği geçici sapmalar olarak değerlendirirken; kapitalizmin doğası gereği istikrarsız olduğunu kabul eden Keynesçi gelenek, aktivist politikalarla konjonktür dalgalarının önlenmesi...

The central bank, whose main objective of monetary policies is to control inflation, can intervene in total expenditures on goods and services in the economy by affecting the growth rate of money and credit supply. In this study, it is aimed to examine the ex-post prediction of the real M2...

A fter the oil crises and collapse of Bretton Woods system, the inflationary process made price stability the main objective of central banks at 1970s. Central banks have begun to implement monetary policy by rule not by discretion with the effect of monetarist thought, mainly associated with...

Following September 2010, the Central Bank of Turkey has targeted financial stability as well as its price stability. An increase in credit risks in the banking sector induces economic risks and therefore affects adversely the financial stability. The aim of this paper is to analyse the...

This study analyzes the transmission of monetary policy decisions to financial markets under varying levels of monetary policy uncertainty. We conducted an event study for the period June 2010-January 2015. The uncertainty regarding to monetary policy is measured by the disagreement of...

Enflasyon hedeflemesi popülaritesi giderek artan bir para politikasý rejimidir. Enflasyon hedeflemesinin popülaritesinin giderek artmasýnýn nedeni, makroekonomik performansý olumlu etkilediðine inanýlmasýdýr. Bu çalýþmada bu görüþün geçerliliði geliþmekte olan ülkeler...

In this study we attempt to shed some light on the theoretical and empirical discussions regarding the role of monetary aggregates in monetary policy formulations. We also assess the developments in the aftermath of the global financial crisis and emphasize the role of monetary aggregates in...