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approach to control of money flows and the links between monetary base, money supply, and monetary income. Further, the …
Persistent link: https://www.econbiz.de/10012891834
English Abstract: This work is known as one of the best studies reviewing the demand side of the money function. When … nevertheless the case that money has never played as central role in the analysis of the growth processes as it has in that of … money interact. It is not possible deduce from any first principles which particular assumptions about the money market are …
Persistent link: https://www.econbiz.de/10014256788
In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey. According to the efficient markets hypothesis, financial markets respond to anticipated policy actions prior to a policy announcement. As a result, they are expected to respond only...
Persistent link: https://www.econbiz.de/10010277263
In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey. According to the efficient markets hypothesis, financial markets respond to anticipated policy actions prior to a policy announcement. As a result, they are expected to respond only...
Persistent link: https://www.econbiz.de/10008669968
The transmission of policy decisions to financial markets is an integral part of the monetary transmission mechanism. However, one of the major problems in estimating the effect of monetary policy on asset prices is the simultaneous response of policy actions and the asset prices to each other....
Persistent link: https://www.econbiz.de/10008611029
Since two main principles of the monetary policy are credibility and transparency, central banks aim to develop long-run policies. However, contemporary monetary policy approach requires that central banks are responsible for developing short-run stability policies as well. Within this context,...
Persistent link: https://www.econbiz.de/10008831594
(This paper is in Turkish) This study investigates the stability of the relationship between demand for real money … conventional stability tests the demand for money is subject to serious parameter instabilities, especially during the periods of …
Persistent link: https://www.econbiz.de/10005730912
Persistent link: https://www.econbiz.de/10000884504