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MONETARY POLICY TARGETS IN TURKEY: AN ANALYSIS OF CAUSALITY AND CONTROLLABILITY

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Date Issued:
1985
Summary:
This study analyzes the formulation of monetary policy in the Turkish economy on the basis of intermediate policy targets. Two monetary aggregates and four credit aggregates are identified as potential intermediate targets of monetary policy. The causal relationship between these variables and GNP as well as prices is estimated by utilizing Granger and Sims tests for causality. The degree to which these targets are controlled by changes in the monetary base is examined by using regression analysis. Finally, this study briefly examines the major sources of the monetary base in the Turkish economy.
Title: MONETARY POLICY TARGETS IN TURKEY: AN ANALYSIS OF CAUSALITY AND CONTROLLABILITY.
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Name(s): Akyurek, Cem Ahmet
Florida Atlantic University, Degree grantor
Manage, Neela D., Thesis advisor
College of Business
Department of Economics
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Issuance: monographic
Date Issued: 1985
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 72 p.
Language(s): English
Summary: This study analyzes the formulation of monetary policy in the Turkish economy on the basis of intermediate policy targets. Two monetary aggregates and four credit aggregates are identified as potential intermediate targets of monetary policy. The causal relationship between these variables and GNP as well as prices is estimated by utilizing Granger and Sims tests for causality. The degree to which these targets are controlled by changes in the monetary base is examined by using regression analysis. Finally, this study briefly examines the major sources of the monetary base in the Turkish economy.
Identifier: 14259 (digitool), FADT14259 (IID), fau:11069 (fedora)
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): College of Business
Thesis (M.A.)--Florida Atlantic University, 1985.
Subject(s): Monetary policy--Turkey--Analysis
Turkey--Economic conditions--Analysis
Held by: Florida Atlantic University Libraries
Persistent Link to This Record: http://purl.flvc.org/fcla/dt/14259
Sublocation: Digital Library
Use and Reproduction: Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Host Institution: FAU
Is Part of Series: Florida Atlantic University Digital Library Collections.