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Turkey Selected Issues

This Selected Issues paper on Turkey discusses the new monetary framework adopted by the Central Bank of Republic of Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation pressures intensify and lowering it as they abate. The firs...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Financial Institutions
Private Savings
National Accounts
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Monetary Economics
Prices
Finance
Interest Rates
Banks
Foreign Exchange
Macroeconomics
Financial Services
International Economics
Current Account Adjustment
Loans
Mortgages
Money And Monetary Policy
Current Account Deficits
Depository Institutions
Banking
Saving And Investment
Exports And Imports
Currency
Interest Rates: Determination, Term Structure, And Effects
Balance Of Payments
Banks And Banking
Micro Finance Institutions
Interbank Rates
Short-term Capital Movements
Turkey
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper on Turkey discusses the new monetary framework adopted by the Central Bank of Republic of Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation pressures intensify and lowering it as they abate. The first version of the framework does not seem to have achieved significant reduction in external and internal imbalances, but the second version of the framework has witnessed an unwinding of imbalances
Physical Description:49 pages
ISBN:9781475586572

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