Özet:

The objective of this study is to establish the responsibility of maintaining and sustaining financial stability by monetary policy, and monetary policy applications aiming financial stability. According to this while the primary aim of Central Banks is to maintain price stability, their secondary aim is to maintain and sustain financial stability. From now on Central Banks have to operate in financial system as The Bank of Banks and the Final Credit Authority. In this context Central Banks have a broad range of responsibilities consisting of making regulations as to the liquidity aiming financial stability, maintaining an effective execution of the payment system, keeping credit sources available, joining effective supervision and regulation function, constructing the legal infrastructure, applying a short term interest rate policy and as a conclusion trying to decrease the financial stress.

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