The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey

Mustafa Tevfik Kartal

doi:10.38009/ekimad.521421

The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey

Öz

High bank interest rates have been one of the main problems in certain periods for Turkey. When development trend of interest rates is examined, it is seen that interest rates were high in the past, they decreased between 2002 and 2010, and they have been increasing after the year 2011. In order to reach low bank interest rates, monetary and fiscal policies are the main tools that can be used. Therefore, usage of monetary and fiscal policies in a harmonious way has substantial importance. Within this context, this study is prepared to evaluate the recent experience of Turkey in terms of harmonious monetary and fiscal policies. In this context, the period after 2010 is included and the period after 2016 is focused especially. Hence, recent approaches and practices in Turkey in terms of the harmonious policy are examined.

As a result of the study, it is determined in the study that tight monetary policy and loose fiscal policy are applied generally in Turkey. However, monetary and fiscal policies have begun to be harmonious with the last quarter of 2018. In this context, credit interest rate of banks has been decreasing with the last quarter of 2018 which was increasing since 2017. This shows that harmonious policies are so important that low bank interest rates cannot be reached without the practice of harmonious policies. This is the most important point that should be stated. Therefore, if it is desired to reach low credit interest rate of banks, it is highly recommended that Turkey should always adopt harmonious monetary and fiscal policies.

Anahtar Kelimeler

Banking,Interest Rate,Harmonious Monetary and Fiscal Policies,Turkey

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

İşletme

Bölüm

Araştırma Makalesi

Yazarlar

Mustafa Tevfik Kartal ^*
0000-0001-8038-8241
Türkiye

Yayımlanma Tarihi

30 Nisan 2019

Gönderilme Tarihi

3 Şubat 2019

Kabul Tarihi

6 Mart 2019

Yayımlandığı Sayı

Yıl 2019 Cilt: 1 Sayı: 2

DOI

https://doi.org/10.38009/ekimad.521421

IZ

https://izlik.org/JA85GC84ZT

Kaynak Göster

RIS / Bibtex

APA

Kartal, M. T. (2019). The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey. Ekonomi İşletme ve Maliye Araştırmaları Dergisi, 1(2), 88-102. https://doi.org/10.38009/ekimad.521421

AMA

1.Kartal MT. The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey. Ekonomi İşletme ve Maliye Araştırmaları Dergisi. 2019;1(2):88-102. doi:10.38009/ekimad.521421

Chicago

Kartal, Mustafa Tevfik. 2019. “The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey”. Ekonomi İşletme ve Maliye Araştırmaları Dergisi 1 (2): 88-102. https://doi.org/10.38009/ekimad.521421.

EndNote

Kartal MT (01 Nisan 2019) The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey. Ekonomi İşletme ve Maliye Araştırmaları Dergisi 1 2 88–102.

IEEE

[1]M. T. Kartal, “The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey”, Ekonomi İşletme ve Maliye Araştırmaları Dergisi, c. 1, sy 2, ss. 88–102, Nis. 2019, doi: 10.38009/ekimad.521421.

ISNAD

Kartal, Mustafa Tevfik. “The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey”. Ekonomi İşletme ve Maliye Araştırmaları Dergisi 1/2 (01 Nisan 2019): 88-102. https://doi.org/10.38009/ekimad.521421.

JAMA

1.Kartal MT. The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey. Ekonomi İşletme ve Maliye Araştırmaları Dergisi. 2019;1:88–102.

MLA

Kartal, Mustafa Tevfik. “The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey”. Ekonomi İşletme ve Maliye Araştırmaları Dergisi, c. 1, sy 2, Nisan 2019, ss. 88-102, doi:10.38009/ekimad.521421.

Vancouver

1.Mustafa Tevfik Kartal. The Importance of Harmonious Monetary and Fiscal Policies: An Examination upon Credit Interest Rate in Turkey. Ekonomi İşletme ve Maliye Araştırmaları Dergisi. 01 Nisan 2019;1(2):88-102. doi:10.38009/ekimad.521421