Analysis results for the effectiveness of monetary policies with fuzzy logic

dc.authorid0000-0002-8072-031X
dc.authorid0000-0002-9858-1266
dc.contributor.authorDinçer, Hasan
dc.contributor.authorYüksel, Serhat
dc.date.accessioned2023-07-10T06:25:24Z
dc.date.available2023-07-10T06:25:24Z
dc.date.issued2022
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Uluslararası Ticaret ve Finansman Bölümü
dc.description.abstractThis chapter aims to examine the effectiveness of central bank policies in E7 economies. For this purpose, five different monetary policy instruments (required reserve ratio, rediscount rate, open market operations, standing facilities, and asset purchase program) are defined as the criteria. On the other side, E7 countries are selected as the alternatives. In the analysis process, fuzzy DEMATEL approach is used to weight the criteria whereas fuzzy TOPSIS and fuzzy VIKOR methods are considered to rank E7 economies. The findings show that open market operations are the most important criterion. However, changing required reserve ratio does not have any powerful impact on the market. Therefore, it is recommended that E7 countries should prefer open market operations instead of required reserve ratio in order to influence the market in an effective manner. Additionally, it is defined that Indonesia has the best performance in the E7 economies while Brazil takes place on the last rank.
dc.identifier.citationDinçer, H. ve Yüksel, S. (2022). Analysis results for the effectiveness of monetary policies with fuzzy logic. Research Anthology on Macroeconomics and the Achievement of Global Stability içinde (660-674. ss.). IGI Global. https://dx.doi.org/10.4018/978-1-6684-7460-0.ch036
dc.identifier.doi10.4018/978-1-6684-7460-0.ch036
dc.identifier.endpage674
dc.identifier.isbn9781668474617
dc.identifier.isbn9781668474600
dc.identifier.scopus2-s2.0-85161810867
dc.identifier.scopusqualityN/A
dc.identifier.startpage660
dc.identifier.urihttps://dx.doi.org/10.4018/978-1-6684-7460-0.ch036
dc.identifier.urihttps://hdl.handle.net/20.500.12511/11169
dc.indekslendigikaynakScopus
dc.institutionauthorDinçer, Hasan
dc.institutionauthorYüksel, Serhat
dc.language.isoen
dc.publisherIGI Global
dc.relation.ispartofResearch Anthology on Macroeconomics and the Achievement of Global Stabilityen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectMonetary Policies
dc.subjectFuzzy Logic
dc.subjectAnalysis Results
dc.titleAnalysis results for the effectiveness of monetary policies with fuzzy logic
dc.typeBook Chapter

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