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Aktarım Mekanizmasının Hisse Senedi Fiyatları Kanalının Etkinliğine İlişkin Bir Analiz.

Aktarım Mekanizmasının Hisse Senedi Fiyatları Kanalının Etkinliğine İlişkin Bir Analiz.

Authors :
YILDIRIM, Durmuş Çağrı
MİRASEDOĞLU, Mustafa Uğur
Source :
Journal of Social Sciences Eskisehir Osmangazi University / Eskisehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2015, Vol. 16 Issue 2, p105-125. 21p. 6 Charts, 3 Graphs.
Publication Year :
2015

Abstract

The effectiveness of monetary policy after the crisis has become an increasingly important issues in dealing with the crisis as well as achieving macroeconomic stability. Monetary transmission mechanism refers to the process of monetary policy of central bank affecting output and inflation. Although monetary transmission mechanism constitutes many channels the subject of our study is stock prices channel. In this study the effectiveness of the stock price channel of monetary transmission mechanism in Turkey was investigated since 2002 when central bank has implemented implicit inflation targeting until the second quarter of 2014. As a result of the study, it is concluded that stock prices channel does not operate effectively in the relevant period. [ABSTRACT FROM AUTHOR]

Details

Language :
Turkish
ISSN :
13029703
Volume :
16
Issue :
2
Database :
Academic Search Index
Journal :
Journal of Social Sciences Eskisehir Osmangazi University / Eskisehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi
Publication Type :
Academic Journal
Accession number :
117315484
Full Text :
https://doi.org/10.17494/ogusbd.52342