期刊名称：Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
印刷版ISSN：1301-3688
电子版ISSN：2630-6409
出版年度：2019
期号：54
页码：508-525
语种：English
出版社：Erciyes University
摘要：After the financial crises of the 1990s,countries started to see international reserves as a guarantee mechanism against the volatility arising from financial globalization and therefore they started to increase the share of international reserves in gross domestic product.In the light of recent experiences of global crises,it is argued that reserves are an effective tool for ensuring financial stability,which is an important condition of macroeconomic stability for national economies.In this study,Turkey's economy in 2005:Q4-2018:Q3 period,the relationship between financial stability index and the central bank official reserves is investigated.In the whole of the empirical analysis period,the reserves have a negative effect on financial stability.On each frequency domain: reserves have positive effect between 2009:Q3-2012:Q2,negative effect between 2012:Q3-2016:Q4 and again positive effect between 2017:Q1-2018:Q3.
其他摘要：1990’larda yaşanan finansal krizlerin sonrasında ülkeler,uluslararası rezervleri finansal küreselleşmeden kaynaklanan oynaklığa karşı bir garanti mekanizması olarak görmeye başlamış ve bu nedenle uluslararası rezervlerin gayri safi yurt içi hasıladaki pay
关键词：Financial Stability;Reserves;Ordinary Least Squares;Rolling Window Regressions
其他关键词：Finansal İstikrar;Rezervler;En Küçük Kareler;Kayan Pencere Regresyonları
