Identfying the liquidity effects of monetary policy shocks for a small open economy: Turkey

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buir.contributor.authorBerument, Hakan
dc.citation.epage667en_US
dc.citation.issueNumber4en_US
dc.citation.spage649en_US
dc.citation.volumeNumber22en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorTogay, S.en_US
dc.contributor.authorSahin, A.en_US
dc.date.accessioned2015-07-28T12:00:50Z
dc.date.available2015-07-28T12:00:50Z
dc.date.issued2011en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper proposes a new liquidity measure for a small open economy. The new measure includes the net liquidity provided to the system by a central bank after accounting for the central bank's involvement in the foreign exchange market. Empirical evidence gathered from Turkey suggests that a positive innovation in liquidity increases output temporarily and that its effect on prices, exchange rate and money are permanently higher.en_US
dc.description.provenanceMade available in DSpace on 2015-07-28T12:00:50Z (GMT). No. of bitstreams: 1 10.1007-s11079-009-9164-2.pdf: 268755 bytes, checksum: c4512af56e6a9e6dec18f6d973dfd240 (MD5)en
dc.identifier.doi10.1007/s11079-009-9164-2en_US
dc.identifier.eissn1573-708X
dc.identifier.issn0923-7992
dc.identifier.urihttp://hdl.handle.net/11693/12261
dc.language.isoEnglishen_US
dc.publisherSpringer New York LLCen_US
dc.relation.isversionofhttp://dx.doi.org/10.1007/s11079-009-9164-2en_US
dc.source.titleOpen Economies Reviewen_US
dc.subjectLiquidity effecten_US
dc.subjectOpen economy version of NBRen_US
dc.subjectSmall and open economiesen_US
dc.subjectVAR modelsen_US
dc.titleIdentfying the liquidity effects of monetary policy shocks for a small open economy: Turkeyen_US
dc.typeArticleen_US

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