IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi Uygulanması
Although foreign exchange rates (FER) and inflation increased slowly between from 2002 and 2013, they increased rapidly after that time and they have reached the highest level in 2018 on annual base since 2006. Adverse developments in indicators like FER make negative effects on economic actors by c...
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Format: | Article |
Language: | English |
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Recep Tayyip Erdoğan Üniversitesi
2020-04-01
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Series: | Uluslararası Ekonomi, İşletme ve Politika Dergisi |
Subjects: | |
Online Access: | https://dergipark.org.tr/tr/download/article-file/1009437 |
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author | Ömer Faruk Tan Mustafa Tevfik Kartal |
author_facet | Ömer Faruk Tan Mustafa Tevfik Kartal |
author_sort | Ömer Faruk Tan |
collection | DOAJ |
description | Although foreign exchange rates (FER)
and inflation increased slowly between from 2002 and 2013, they increased
rapidly after that time and they have reached the highest level in 2018 on
annual base since 2006. Adverse developments in indicators like FER make negative
effects on economic actors by causing uncertainty and uneasiness. They also cause
adverse effects on a variety of macroeconomic indicators such as foreign debt
burden and interest payments. For this reason, it is important for countries to
determine causes of increasing in FER and take measures to keep them under
control. For this purpose, there are a lot of conventional tools like tight
monetary policy, tight fiscal policy, implementation of harmonious policies and
capital controls. In this context, reserves of CBRT are an important tool. However,
it is necessary to have adequate reserves in order to use reserves to keep FER
under control. Taking into consideration this fact, it is recommended to impose
reserve tax liability to financial institutions so that reserves of CBRT could
be increased. |
first_indexed | 2024-03-11T18:56:24Z |
format | Article |
id | doaj.art-5f9b4315e1914b88b6ac3e821134da1a |
institution | Directory Open Access Journal |
issn | 2587-2559 |
language | English |
last_indexed | 2024-03-11T18:56:24Z |
publishDate | 2020-04-01 |
publisher | Recep Tayyip Erdoğan Üniversitesi |
record_format | Article |
series | Uluslararası Ekonomi, İşletme ve Politika Dergisi |
spelling | doaj.art-5f9b4315e1914b88b6ac3e821134da1a2023-10-10T18:17:38ZengRecep Tayyip Erdoğan ÜniversitesiUluslararası Ekonomi, İşletme ve Politika Dergisi2587-25592020-04-014110111610.29216/ueip.6670501075IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi UygulanmasıÖmer Faruk Tan0Mustafa Tevfik Kartal1Marmara UniversityMARMARA ÜNİVERSİTESİ, BANKACILIK VE SİGORTACILIK ENSTİTÜSÜ, SERMAYE PİYASASI VE BORSA ANABİLİM DALI, SERMAYE PİYASASI VE BORSA (DR)Although foreign exchange rates (FER) and inflation increased slowly between from 2002 and 2013, they increased rapidly after that time and they have reached the highest level in 2018 on annual base since 2006. Adverse developments in indicators like FER make negative effects on economic actors by causing uncertainty and uneasiness. They also cause adverse effects on a variety of macroeconomic indicators such as foreign debt burden and interest payments. For this reason, it is important for countries to determine causes of increasing in FER and take measures to keep them under control. For this purpose, there are a lot of conventional tools like tight monetary policy, tight fiscal policy, implementation of harmonious policies and capital controls. In this context, reserves of CBRT are an important tool. However, it is necessary to have adequate reserves in order to use reserves to keep FER under control. Taking into consideration this fact, it is recommended to impose reserve tax liability to financial institutions so that reserves of CBRT could be increased.https://dergipark.org.tr/tr/download/article-file/1009437cbrtfinancial intermediariesreserve taxreservesturkeytcmbfinansal araçlarrezerv vergisi uygulamasıtürkiyerezervler |
spellingShingle | Ömer Faruk Tan Mustafa Tevfik Kartal IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi Uygulanması Uluslararası Ekonomi, İşletme ve Politika Dergisi cbrt financial intermediaries reserve tax reserves turkey tcmb finansal araçlar rezerv vergisi uygulaması türkiye rezervler |
title | IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi Uygulanması |
title_full | IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi Uygulanması |
title_fullStr | IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi Uygulanması |
title_full_unstemmed | IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi Uygulanması |
title_short | IMPOSING RESERVE TAX TO TURKISH FINANCIAL INSTITUTIONS FOR STRENGTHENING RESERVES OF THE CENTRAL BANK OF THE REPUBLIC OF TURKEY / Türkiye Cumhuriyet Merkez Bankası Rezervlerinin Güçlendirilmesi İçin Türk Finansal Kurumlarına Rezerv Vergisi Uygulanması |
title_sort | imposing reserve tax to turkish financial institutions for strengthening reserves of the central bank of the republic of turkey turkiye cumhuriyet merkez bankasi rezervlerinin guclendirilmesi icin turk finansal kurumlarina rezerv vergisi uygulanmasi |
topic | cbrt financial intermediaries reserve tax reserves turkey tcmb finansal araçlar rezerv vergisi uygulaması türkiye rezervler |
url | https://dergipark.org.tr/tr/download/article-file/1009437 |
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