| Yazarlar (1) |
Doç. Dr. Hüseyin Levent KORAP
Kastamonu Üniversitesi, Türkiye |
| Özet |
| The post-2001 period in Turkish economy witnessed many stabilization efforts and regulations by policy makers so as to eliminate the effects of economic crisis on the economy. Dealing with the monetary policy, these policies were conducted in favor of just-in-time interventions when the volatilities in some main monetary aggregates were occured, and foreign exchange market (FOREX) interventions constituted a great deal of such kind of policies. In order to examine such policy issues implemented in the Turkish economy, we try to estimate how effective were these policies in our paper, and our ex-post estimation results permitting asymmetries in policy implementation process using EGARCH estimation process of contemporaneous econometrics reveal that these policies seem not to be effective in reducing volatilities occured in FX market but in accumulating reserves through purchase auctions implemented up to the very recent times of mid-2006, although the just-after crisis interventions in the form of sale auctions, to the great extent, give support to the declared role of monetary authority in this sense. |
| Anahtar Kelimeler |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | Diğer hakemli ulusal dergilerde yayınlanan tam makale |
| Dergi Adı | Atatürk Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| Dergi ISSN | 1300-4646 |
| Dergi Tarandığı Indeksler | TRDİZİN, EBSCOhost, ASOS INDEX, Open Science Directory, Google Scholar |
| Makale Dili | İngilizce |
| Basım Tarihi | 01-2007 |
| Cilt No | 21 |
| Sayı | 2 |
| Sayfalar | 39 / 54 |
| Makale Linki | https://dergipark.org.tr/tr/pub/atauniiibd/issue/2692 |
