Financial Conditions Indices for the Turkish Economy (Turkiye Ekonomisi icin Finansal Kosullar Endeksi)
AbstractSince 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.
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Bibliographic InfoPaper provided by Research and Monetary Policy Department, Central Bank of the Republic of Turkey in its series CBT Research Notes in Economics with number 1231.
Date of creation: 2012
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-11 (All new papers)
- NEP-ARA-2012-11-11 (MENA - Middle East & North Africa)
- NEP-MON-2012-11-11 (Monetary Economics)
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