2008 Küresel Krizi ve Değişen Para Politikaları: Dünyada ve Türkiye’de Faiz Koridoru Uygulaması

Ömer EMİRKADI

Makale detayları

2008 Küresel Krizi ve Değişen Para Politikaları: Dünyada ve Türkiye’de Faiz Koridoru Uygulaması

Yazarlar:

Ömer EMİRKADI

Yayıncı:

Giresun University

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Karadeniz Sosyal Bilimler Dergisi 2017 Vol.9 Issue 2, pp.465-486

Belge Tipi:

Makale

Yayın Tarihi:

12/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000510929

Sıklık:

İki Yıllık

eISSN:

2602-3407

pISSN:

1309-081X

Özet:

 


Almost every world economies has diversified the opportunities of market

interventions in the last 10 years by developing different monetary policies than the

existing ones, in result of the economic crisis that was experienced heavily. The crisis

threatened the financial stability in Turkey and other developing countries. Also, out

of the practice of traditional monetary policy, the crises brought up the search of a

more flexible policy that enables to react to shocks rapidly.

In the second half of 2008, as a result of Lehman Brothers bankruptcy a global crisis

occured, which was considered as a financial crisis at first but then affected the real

sector. In this crisis, along with the world central banks, the Central Bank of the

Republic of Turkey too added cylical tools such as interest rate corridor and liquidity

management to the tools of monetary policy like open market operations, which is

used traditionally, and discount rate policy. Consequently, as a monetary authority,

central banks both expanded their scope, directed to market, and expedited the process

of adopting to unexpected economical developments and involving the situation

easily.

Since the beginning of 2011, the CBT, has applied interest rate corridor and funding

policy that were not practised before, in order to react to the financial volatility in

time. According to this, it is aimed to swap the composion of short term fund, which

is provided by central bank, to high frequencies and so market rate may deviate from

the funding rate of central bank, when needed.

In this study; it was aimed to contribute to get a better understanding on interest rate

corridor tools, which may be defined as a window between the monetary policy, which

CBT applied, as result of global crisis and global economical developments, in order

to effect the financial stability, that added to price stability goals and overnight

borrowing - lending rates of central banks in the private and also on the effects of

interest rate corridor tool.

.

Makale detayları

2008 Küresel Krizi ve Değişen Para Politikaları: Dünyada ve Türkiye’de Faiz Koridoru Uygulaması

Yazarlar: Ömer EMİRKADI

Yayıncı: Giresun University

Ana Başlıklar: Sosyoloji & antropoloji

Dergi: Karadeniz Sosyal Bilimler Dergisi 2017 Vol.9 Issue 2, pp.465-486

Belge Tipi: Makale

Yayın Tarihi: 12/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000510929

Sıklık: İki Yıllık

eISSN: 2602-3407

pISSN: 1309-081X

Sayı

Yazarlar:

Ömer EMİRKADI

Yayıncı:

Giresun University

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Karadeniz Sosyal Bilimler Dergisi 2017 Vol.9 Issue 2, pp.465-486

Belge Tipi:

Makale

Yayın Tarihi:

12/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000510929

Sıklık:

İki Yıllık

eISSN:

2602-3407

pISSN:

1309-081X