Data to evaluate macroprudential instruments in Turkey
Description
This dataset contains data from October 2010 to December 2018 on macroprudential instruments employed by the Central Bank of the Republic of Turkey and macroeconomic and banking sector indicators for the Turkish economy in the same period.
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U, Unemployment, all persons (ages 15 and over), Seasonally adjusted, TurkStat CPI, CPI_D, excluding unprocessed food, alcoholic beverages and tobacco, Seasonally adjusted, TurkStat CA, Current account, balance of payments, million USD, Seasonally adjusted,CBRT SPRD, The difference between the commercial loan rate (with less than 3-months maturity) and the deposit rate (with maturities up to three months), averaged, monthly, CBRT RR, Required Reserve Rates, We take the weighted average of reserve requirements across maturities of liabilities subject to reserve requirement and compute the cost effective reserve requirement ratio during the implementation period of ROM. For a detailed explanation see (Alper et.al. 2014)., CBRT ON, BIST overnight rate, monthly-averaged., After May 2010, the CBRT utilized both the overnight lending and the one-week repo auctions at varying amounts according to its policy stance and the BIST overnight rate fluctuated within the interest rate corridor (Küçük et al. 2016). So, in order to reflect the policy stance of the CBRT, we take the BIST overnight rate as the interest rate. , BIST CRED, Claims on private sector, Logged, CBRT USD, USD/TRY exchange rate, CBRT RSRV, Banking reserves, Logged, CBRT FED, The federal funds rate for US monetary policy, FED CP, Commodity price index, IMF VIX, The CBOE’s index of 1-month implied volatility of S&P 500 Index, CBOE IP, Industrial Production for EU, CBP Netherlands