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Progress Of Central Bank Of The Republic Of Turkey (Cbrt): November 2000 And February 2001 Crisis

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  • Gokhan Korkmazer

    (Dumlupınar Universitesi)

Abstract

In this study, crisis period between 1994 and 2001 are analysed within CBRT framework. Undoubtedly, 2001 was a turning point for development of CBRT. After November 2000 and February 2001 crisis, two phased “Transition to Strong Economy Program” was announced. Main objective of this program was to eliminate economic instability without further repetition and providing the necessary ground to structure economy. Another development that supported these objectives was legal restructuring of CBRT and on 25 April 2001, various amendments were accepted under Law No. 4651 for independence. As a result of these amendments, CBRT was the single authority to set and apply money policy. Main objective of CBRT was defined as price stability.

Suggested Citation

  • Gokhan Korkmazer, 2018. "Progress Of Central Bank Of The Republic Of Turkey (Cbrt): November 2000 And February 2001 Crisis," Ekonomi Maliye Isletme Dergisi, Adil AKINCI, vol. 1(2), pages 79-92, December.
    • Handle: RePEc:gnx:emid43:2018-1-2-543153
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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines

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