Turkey: (In)Visible Hand of the Central Bank |
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Short after the introduction of floating exchange rate regime following the crisis in 2001, the Central Bank of the Republic of Turkey (CBRT) intervened in the currency markets from time to time in order to ensure the stability of exchange rates. Although any kind of intervention does not fit into the nature of “pure” floating exchange rate regime, it occurs as an “inevitable option” under certain circumstances. The main intention behind these interventions have almost always been disputed by
Filed under: Technical
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