London School of Economics – Contemporary Turkish Studies organizes a Research Seminar ‘Unconventional Monetary Policies and Monetary Policy Experimentation in Turkey’ with the participation of Assoc. Prof. Dr. Ahmet Faruk Aysan
Date – Time: Tuesday, 12 February 2013 6- 8pm
Venue: Room CON.2.05, 2nd Floor, Connaught House, London School of Economics and Political Science
This event is free and open to all. No ticket is required.
Contact: euroinst.turkish.studies@lse.ac.uk / u.sonmez@lse.ac.uk
or +44 (020) 7955 6067
Website:
http://www2.lse.ac.uk/europeanInstitute/research/ContemporaryTurkishStudies/Home.aspx
After the global financial crisis, it was well understood by both academicians and policy makers that price stability is not sufficient for maintaining macroeconomic stability by itself, and financial stability is integral to the well-functioning of the markets. Therefore, finding a solution on how to incorporate financial stability in the implementation of monetary policy without diluting the price-stability objective has become a significant concern for central banks across the globe. Hence, the discussion of the post-crisis central banking and the Turkey’s experience with the policy mix will be helpful for both economists and authorities in future when all are treading in uncharted waters of the new global financial order. The Central Bank of the Republic of Turkey adopted a new monetary policy framework called policy mix since November 2010 in order to offer a country-specific solution to this concern. Dr. Aysan’s talk will focus on the new roads adopted by the Central Banks and will particularly cover the unconventional monetary policy experiences of Turkey in recent years.
