Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/7662
Title: The new monetary policy of the Central Bank: two targets-three intermediate targets-three tools
Authors: Özatay, Fatih
Keywords: Monetary policy
financial stability
credit
Issue Date: 2011
Publisher: Bilgesel Yayincilik San & Tic Ltd
Abstract: The new monetary policy of the Central Bank: two targets-three intermediate targets-three tools The Central Bank of Turkey has started to conduct a new monetary policy since mid 2010. In the new framework, in addition to the price stability aim, a second objective has been introduced: to achieve financial stability. Two intermediary targets have recently defined in the light of the financial stability objective: to slow down credit growth and to constrain short-term capital inflows. This article mainly discusses to what extent the short term interest rate and the associated liquidity management policies that are pursued to achieve price stability are compatible with the required reserve policy used to achieve financial stability.
URI: https://doi.org/10.3848/iif.2011.302.2743
https://hdl.handle.net/20.500.11851/7662
ISSN: 1300-610X
1308-4658
Appears in Collections:İktisat Bölümü / Department of Economics
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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