TY  - JOUR
TT  - FACTORS AFFECTING PERFORMANCE CRITERIONS OF CENTRAL BANK OF THE REPUBLIC OF TURKEY: A PROBIT APPROACH
AU  - Doğru, Bülent
PY  - 2012
DA  - December
JF  - International Journal of Social Sciences and Humanity Studies
JO  - IJ-SSHS
PB  - Sosyal Bilimler Araştırmaları Derneği
WT  - DergiPark
SN  - 1309-8063
SP  - 81
EP  - 89
VL  - 4
IS  - 2
KW  - Intermediate targets
KW  - Central Bank of Republic of Turkey
KW  - probit model
N2  - This study investigates the determinants of performance criterion of Turkish central bank (CBRT) due to the bank’s deviations from its inflation and monetary goals during 1990-2011. For this purpose we establish a probit model to figure out macroeconomic determinants having effects on performance of the central bank. Empirical findings indicate that the factors having impact on performance of the central bank are real growth rate, budget deficit, broader money supply, inflation, nominal exchange rate and output gap. Econometric results of our study also suggest that CBRT has implemented a rule-like monetary policy, instead rule, during the period we investigated
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UR  - https://dergipark.org.tr/en/pub/ijsshs/article/276058
L1  - https://dergipark.org.tr/en/download/article-file/257253
ER  -