Beschreibung
Does Central Banks loose their control on Monetary Policy? The main scope of the book is to test the empirical validity of enriching money demand function with derivatives using the new monetary aggregates. As a result it is concluded that monetary policy has lost some effectiveness after the introduction of derivative instruments to the financial markets. In the application part time series models are used for modeling money demand and supply.
Autorenporträt
Caner OZDURAK, MSc was born in Kirklareli, Turkey. He received his Master of Science degree in International Finance from the Istanbul Bilgi University. He has also received his BSc degree in Economics from the Yildiz Technical University. He is actually working as a Risk Management Specialist in Istanbul, Turkey
