THE ANALYSIS OF CENTRAL BANKS’ EFFICIENCIES IN THE FACE OF 2008 GLOBAL CRISIS
Journal Title: The Journal of International Social Research - Year 2016, Vol 9, Issue 47
Abstract
Today, central banks are one of the most important actors in establishing economic and financial stability and in dealing with crisis in a country. Today's central banks manage monetary policy, keep a monopoly on printing money, control banking system and function as a lender of last resort. The central banks undertake the most critical role in financial crisis processes that have negative impacts on the stability of a country and the efficiencies of central banks' policies in the face of crisis gain importantance. In this study, it is aimed to present the efficiencies of the policies against 2008 global crisis exercised by central banks. Within the scope of this work, Data Envelopment Analysis (DEA) was used to evaluate the performance of TCMB , the Fed and the European Central Bank (ECB).
Authors and Affiliations
Zeynep KARAŞ
Keywords
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- EP ID EP252886
- DOI 10.17719/jisr.2016.1435
- Views 111
- Downloads 0
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