Turcademy

Theoretical And Empirical Perspective Of Macroeconomic, Money, Banking And Foreign Trade Issues

Central banks have an important place for the national economy. Central banks are the most important actors in the monetary policies of countries. Money is an important element in the real and financial sectors of the economy. Monetary stability determines economic stability. Central banks are the decision-making mechanism in the determination and execution of monetary policies of countries. Central banks, which are responsible for the monetary system, are vital for the healthy functioning of economies. The first and most important task of central banks all over the world is to ensure price stability. The importance given to the independence of the central bank in terms of ensuring price stability is also increasing. In addition to the price stability target, central banks also aim to ensure financial stability. Central banks are the decision-making mechanism in the implementation and determination of monetary policies of countries. Interest rates are interfered with by the decisions of central banks. Interest indirectly affects other economic elements as well. The central bank's monetary policy decisions also determine its preferences for interest rates.