Reserve Options Mechanism and Exchange Rate Volatility: An Implementation for Turkey

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dc.authoridhttps://orcid.org/0000-0002-5982-6021en_US
dc.contributor.authorKantar, Lokman
dc.date.accessioned2021-08-29T10:48:14Z
dc.date.available2021-08-29T10:48:14Z
dc.date.issued2020en_US
dc.departmentUygulamalı Bilimler Yüksekokuluen_US
dc.description.abstractDue to the flexible monetary policies implemented during the crisis, low-interest rates obtained funds has moved towards countries with emerging economies and that caused speculative attacks (the volatility in exchange rates, capital market etc. to make short-term trades.) on countries such as Turkey. Therefore, Turkey has developed a set of measures to ensure price stability along with financial stability. One of these measures is the Reserve Option Mechanism, which enables TL required reserves to be held in foreign currency. Foreign currencies entering the country through the Reserve Options Mechanism will not enter the economy directly, and some of this money will be kept by the CBRT as required reserves by banks. Thanks to this mechanism, it is aimed to reduce the volatility in exchange rates. In this study, the effect of Reserve Options Mechanism on exchange rate volatility has been examined.en_US
dc.identifier.endpage72en_US
dc.identifier.issn2718-1065
dc.identifier.issue1en_US
dc.identifier.startpage60en_US
dc.identifier.urihttps://hdl.handle.net/11363/2911
dc.identifier.volume1en_US
dc.institutionauthorKantar, Lokman
dc.language.isoenen_US
dc.publisherİstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Pressen_US
dc.relation.ispartofJournal of Sustainable Economics and Management Studiesen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectReserve Options Mechanismen_US
dc.subjectReserve Options Coefficienten_US
dc.subjectVolatilityen_US
dc.subjectGARCHen_US
dc.subjectGlobal Crisisen_US
dc.titleReserve Options Mechanism and Exchange Rate Volatility: An Implementation for Turkeyen_US
dc.typeArticleen_US

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ECOMAN Vol. 1, Issue 1, December 2020