TÜRKİYE’DE YENİ YAKLAŞIM ÇERÇEVESİNDE PARA POLİTİKALARININ FİNANSAL İSTİKRARI SAĞLAMA YÖNÜNDE UYGULANMASI

Bu çalışmada para politikasının finansal istikrar üzerindeki etkisi Türkiye Cumhuriyet Merkez Bankası örneği aracılığıyla incelenmiştir. Küresel kriz sonrasında para politikası uygulamalarında finansal istikrarın sağlanması amacı para politikası temel araçlarından biri haline gelmiştir. Para politikası uygulamaları finansal istikrar üzerinde likidite desteği, risk alma, banka sermayesi ve kredi kanalları vasıtasıyla etkide bulunmaktadır. Türkiye’de Merkez Bankası yeni politika yaklaşımı çerçevesinde geleneksel araçların yanı sıra çeşitli araçların bileşimini etkin biçimde kullanmaktadır. Bu araçlar zorunlu karşılık oranları, Rezerv Opsiyonu Mekanizması ve asimetrik faiz koridorundan oluşmaktadır. Ayrıca kaldıraca dayalı zorunlu karşılık oranı uygulaması da finansal istikrarı sağlamada kullanılan araçlar arasında yer almaktadır.

Anahtar Kelimeler:

Merkez Bankası, Finansal İstikrar, Para Politikası

TÜRKİYE’DE YENİ YAKLAŞIM ÇERÇEVESİNDE PARA POLİTİKALARININ FİNANSAL İSTİKRARI SAĞLAMA YÖNÜNDE UYGULANMASI

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