Financial Conditions Indices for the Turkish Economy

Hakan Kara, Pınar Özbay Özlü and Deren Ünalmış

CBT Research Notes in Economics from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: Since the end of 2010, Central Bank of the Republic of Turkey has adopted a new policy strategy which jointly uses liquidity, credit, and interest rate policies. The new framework has increased the need to develop and monitor a broad measure of “financial conditions†index that would complement the monetary policy analysis in assessing whether the overall set of policies are restrictive or accommodative. This note seeks to fill this gap by developing financial conditions indices for Turkey using a range of monetary and financial indicators.

Date: 2012
New Economics Papers: this item is included in nep-ara and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:econot:1231

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