19 Turkey
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
15 Apr 2005
Keywords:
M&G; portfolio; reserve; risk; market; ST debt; securities lending; portfolio management statistics; ratio of reserve; credit card ABS; portfolio manager; Reserves management; Currencies; International reserves; Market risk; Liquidity; Global; Europe; East Asia; settlement risk; liquidity portfolio; measurement methodology; central bank consist; Exchange rate risk; Central bank legislation

Abstract

951. Before 1980, Turkey had a fixed exchange rate regime with strict foreign exchange controls. Reserves were used mainly for current needs. With the liberalization policies of the early 1980s, exchange controls were eliminated and banks as well as other institutions and individuals were allowed to hold foreign exchange. With these changes, reserves began to serve additional purposes, such as intervention in domestic currency and providing a level of confidence to domestic and international markets.

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Cover Guidelines for Foreign Exchange Reserve Management
Guidelines for Foreign Exchange Reserve Management
Accompanying Document and Case Studies
ISBN:
9781589062610
ISSN:
2663-3744
Publication Date:
15 Apr 2005
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589062610.069
Pages:
205