𝔖 Bobbio Scriptorium
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Monetary policy communication in Turkey

✍ Scribed by Selva Demiralp; Hakan Kara; Pınar Özlü


Book ID
119234823
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
637 KB
Volume
28
Category
Article
ISSN
0176-2680

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## Abstract This paper estimates a forward‐looking monetary policy reaction function of the Central Bank of the Republic of Turkey by considering the period from 1990:01 to 2000:10. When the spread between the interbank rate and depreciation rate of the local currency is taken as a policy tool, the