Money supply mechanism in Turkey:a comparison of monetary base and flow-of-funds approach

Genç, Gülbin


Financial dollarization, monetary policy stance and institutional structure : the experience of Latin America and Turkey
Uzun, Arzu; Özmen, Erdal; Department of Economics (2005)
Financial dollarization, defined as the substantial presence of foreign currency denominated assets and liabilities in the balance sheets of the main sectors of an economy, is a widespread phenomenon among developing economies, especially in Latin America and Turkey. Since financial dollarization often causes financial fragility and limits the effectiveness of monetary policy, the causes and consequences of it and dedollarization strategies have been placed at the forefront of policy debates especially in d...
Monetary Policy in The General Theory
Ekinci, Nazım Kadri (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2008-6)
The theory of interest rate is central to Keynesian macroeconomics. This paper provides an interpretation of Keynes’ conventional theory of the interest rate. Accordingly, the interest rate can only be determined in the market, if expectations converge. The central bank is a market-maker, because of its capacity to manage expectations and to affect market outcomes. On the other hand, interest rate and asset prices determine the rate at which wealth is converted into income. This may be a crucial considerati...
Monetary policy operating framework for financial and price stability: the case of Turkey
Çufadar, Ali; Özmen, Erdal; Department of Economics (2012)
This thesis aims to provide evidence on whether FDI occurring in the Turkish economy has any effect on domestic firms, especially whether and to what extent it leads to KTTs towards domestic firms by paying attention to the role of MNCs. In order to do so, we firstly conduct a series of econometric analyses to analyze the impact of FDI-related technology spillovers on domestic firms’ productivity level in the Turkish manufacturing industry. Estimation results produced positive evidence on horizontal and bac...
Monetary policy and stock returns the case of Turkey
Sarı, Ramazan; Malik, Farooq (2003-01-01)
Credit risk modeling with stochastic volatility, jumps and stochastic interest rates
Yüksel, Ayhan; Akyıldız, Ersan; Department of Financial Mathematics (2007)
This thesis presents the modeling of credit risk by using structural approach. Three fundamental questions of credit risk literature are analyzed throughout the research: modeling single firm credit risk, modeling portfolio credit risk and credit risk pricing. First we analyze these questions under the assumptions that firm value follows a geometric Brownian motion and the interest rates are constant. We discuss the weaknesses of the geometric brownian motion assumption in explaining empirical properties of...
Citation Formats
G. Genç, “Money supply mechanism in Turkey:a comparison of monetary base and flow-of-funds approach,” Middle East Technical University, 1995.