Akademik Veri Yönetim Sistemi
Tezin Türü: Yüksek Lisans
Tezin Yürütüldüğü Kurum: Orta Doğu Teknik Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü, Türkiye
Tezin Onay Tarihi: 2015
Tezin Dili: İngilizce
Öğrenci: Zeynep Bozkurt
Danışman: HASAN CÖMERT
Özet:Implying an expansion in the central bank mandates and policy tools, the post-crisis understanding of central banking brought a challenging task for policymakers, particularly for those of developing countries. The main purpose of this study is to assess the effectiveness of some selected post-crisis policy mixes. To this end, two methodologies are used: event analysis and index analysis. The former reveals that the overall design of the policy mix requires more attention than the selection of certain tools – a fact that has been ignored by the literature until this date. The study later digs deeper by introducing the latter method. The Central Banking Effectiveness Index is developed in order to obtain information where event analysis and empirical analysis fall short to explain. Besides being one of the first attempts in the literature with such purpose, the main contribution of this approach is the incorporation of the interactions within the policy toolkit. The results from both analyses match. In this respect, this study intends to fill an important gap in the literature and open a way for prospective studies. The study also presents some important implications upon the use of capital flow management tools and the patterns in the selected developing countries – South Korea, Turkey and Brazil.