Simultaneous monetary policies in the context of the trilemma : evidence from the Central Bank of Turkey

Kursat-Onder, Yasin; Villamizar-Villegas, Mauricio

Simultaneous monetary policies in the context of the trilemma : evidence from the Central Bank of Turkey

Download

Borradores de Economía; No. 893

Date published

2015-07-03

Date

2015-07-03

Authors

Kursat-Onder, Yasin
Villamizar-Villegas, Mauricio

Document language

spa

Metrics

downloads: 0

abstract_views: 0

Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

Many central banks that have opted for monetary autonomy have also been reluctant to relinquish control over the value of their currencies. As a result, they have operated through both interest rate and foreign exchange interventions. However, in the cont