Affiliation:
1. Yeni Yüzyıl University, Turkey
2. Marmara University, Turkey
Abstract
This chapter evaluates the macroeconomic impact of the interest rate corridor policy implemented by the central bank in Turkey. In this context, firstly the general framework, types and application of interest rate corridor policy are explained. Then, the interest rate corridor policy implemented by the CBRT after the global crisis was examined in detail. In addition, domestic and foreign literature examining the macroeconomic effects of the interest rate corridor policy has been included. This chapter examines the macroeconomic impact of the interest rate corridor policy implemented in Turkey using data from the 2011-2018 period. In the study, Engle-Granger Cointegration Analysis and Toda-Yamamoto Causality Analysis were used as models. As a result of the study, it was concluded that interest rate corridor had an effect on economic growth, foreign direct investment, and exchange rate variables.
Reference66 articles.
1. Alhan, O., & Yüksel, S. (2018). Kadın Çalışanların Banka Büyüklüğü Ve Karlılığına Etkisi: Engle-Granger Eş Bütünleşme Analizi İle Türkiye Üzerine Bir Uygulama. İş'te Davranış Dergisi, 3(2), 140-147.
2. Küresel Kriz Sonrası Türkiye’de Uygulanan Ekonomi Politikaları.;H.Arabacı;Sosyal Bilimler Araştırma Dergisi,2017
3. Areosa, W. D., & Coelho, C. A. (2013). Using a DSGE model to assess the macroeconomic effects of reserve requirements in Brazil. Banco Central Do Brasil Working Paper Series, (303).
4. Parasal Aktarım Sürecinde Faiz Koridorunun Yeri.;C.Arıkan;Maliye Dergisi,2018
5. Atılğan, M. H. (2016). Yeni Para Politikası Anlayışı ve Finansal İstikrar. Çankırı Karatekin Üniversitesi İİBF Dergisi, 6(2), 249-268.