Camlica, Ferhat - In: Central Bank Review (CBR) 16 (2016) 4, pp. 143-150
The objective of this paper is to investigate whether the Central Bank of Turkey (CBRT) was responsive to financial stress or not during the period 2005m1–2015m10. The study is unique in the sense that CBRT's monetary policy reaction function is augmented with a distinctive financial stress...