{"id":5406,"date":"2021-07-20T00:23:56","date_gmt":"2021-07-19T21:23:56","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=5406"},"modified":"2021-07-24T01:27:01","modified_gmt":"2021-07-23T22:27:01","slug":"the-impact-of-unconventional-monetary-policy-instruments-on-financial-stability-the-case-of-turkey","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/the-impact-of-unconventional-monetary-policy-instruments-on-financial-stability-the-case-of-turkey","title":{"rendered":"Geleneksel Olmayan Para Politikas\u0131 Ara\u00e7lar\u0131n\u0131n Finansal \u0130stikrar \u00dczerindeki Etkisi: T\u00fcrkiye Uygulamas\u0131"},"content":{"rendered":"<p><\/p>\n<table style=\"font-family: Arial, serif; text-align: justify;\" width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">Makale Bilgileri<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"169\">\n<table border=\"0\" width=\"100%\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Dergi:<\/td>\n<td>Business and Economics Research Journal<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\n<td>Geleneksel Olmayan Para Politikas\u0131 Ara\u00e7lar\u0131n\u0131n Finansal \u0130stikrar \u00dczerindeki Etkisi: T\u00fcrkiye Uygulamas\u0131<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Yazar(lar):<\/td>\n<td>\u015eencan Felek, Re\u015fat Ceylan<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Cilt:<\/td>\n<td>12<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Say\u0131:<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Y\u0131l:<\/td>\n<td>2021<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Sayfa:<\/td>\n<td>537-555<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">ISSN:<\/td>\n<td>2619-9491<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">DOI Numaras\u0131:<\/td>\n<td>10.20409\/berj.2021.337<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">\u00d6z<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">2007 y\u0131l\u0131nda Amerika Birle\u015fik Devletleri\u2019nde ba\u015flayan ve 2008 y\u0131l\u0131nda T\u00fcrkiye\u2019de de etkisini hissettiren k\u00fcresel kriz, finansal istikrar\u0131n bir makroekonomik ama\u00e7 olarak ele al\u0131nmas\u0131 ger\u00e7e\u011fini ortaya \u00e7\u0131karm\u0131\u015ft\u0131r. Dolay\u0131s\u0131yla merkez bankalar\u0131 makro ihtiyati politikalar \u00e7er\u00e7evesinde yeni para politikas\u0131 ara\u00e7lar\u0131 geli\u015ftirmi\u015flerdir. Bu geli\u015fmeler \u00e7er\u00e7evesinde bu \u00e7al\u0131\u015fman\u0131n temel amac\u0131, 2008 k\u00fcresel finansal kriz sonras\u0131 s\u00fcre\u00e7te, 2011M1-2019M6 d\u00f6nemleri aras\u0131nda ayl\u0131k veriler kullan\u0131larak T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) taraf\u0131ndan uygulamaya konan geleneksel olmayan para politikas\u0131 ara\u00e7lar\u0131n\u0131n finansal istikrar \u00fczerindeki etkilerini ara\u015ft\u0131rmakt\u0131r. \u00c7al\u0131\u015fmada, geleneksel olmayan para politikas\u0131 ara\u00e7lar\u0131ndan faiz koridoru, istisnai g\u00fcn uygulamas\u0131 ve kredi geni\u015flemesinin, temel bile\u015fenler analizi yard\u0131m\u0131yla hesaplanan finansal istikrar endeksini etkileme kanallar\u0131 SVAR y\u00f6ntemi ile ortaya konmaktad\u0131r. Analizde; finansal istikrar endeksi, bir haftal\u0131k repo faiz oran\u0131, nominal d\u00f6viz kuru ve yurti\u00e7i kredi hacmi de\u011fi\u015fkenleri kullan\u0131lm\u0131\u015ft\u0131r. Elde edilen bulgulara g\u00f6re, TCMB\u2019nin kulland\u0131\u011f\u0131 geleneksel olmayan para politikas\u0131 ara\u00e7lar\u0131ndan faiz koridoru ve istisnai g\u00fcn uygulamas\u0131, finansal istikrar\u0131n sa\u011flanmas\u0131nda etkilidir. Parasal aktar\u0131m mekanizmas\u0131 d\u00f6viz kuru kanal\u0131 ile \u00e7al\u0131\u015fmaktad\u0131r.<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"22\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Anahtar Kelimeler:<\/td>\n<td>Para Politikas\u0131, Faiz Koridoru, \u0130stisnai G\u00fcn Uygulamas\u0131, Temel Bile\u015fenler Analizi (PCA), Yap\u0131sal VAR<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" width=\"120\">JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\n<td>C10, C51, E52, E43, E58<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=765\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 2521)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table>Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 2521)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5406\" class=\"pvc_stats all  \" data-element-id=\"5406\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Geleneksel Olmayan Para Politikas\u0131 Ara\u00e7lar\u0131n\u0131n Finansal \u0130stikrar \u00dczerindeki Etkisi: T\u00fcrkiye Uygulamas\u0131 Yazar(lar): \u015eencan Felek, Re\u015fat Ceylan Cilt: 12 Say\u0131: 3 Y\u0131l: 2021 Sayfa: 537-555 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2021.337 \u00d6z 2007 y\u0131l\u0131nda Amerika Birle\u015fik Devletleri\u2019nde ba\u015flayan ve 2008 y\u0131l\u0131nda T\u00fcrkiye\u2019de de etkisini hissettiren k\u00fcresel kriz, [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5406\" 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class=\"pvc_clear\"><\/div>\n","protected":false},"author":4638,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,7],"tags":[],"class_list":["post-5406","post","type-post","status-publish","format-standard","hentry","category-makale","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":181,"today_views":2},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/4638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=5406"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5406\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=5406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=5406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=5406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}