By the end of 2018 Turkey had entered a new economic crisis and a lengthy recession
period. In contrast to the previous financial crises of 1994, 2001 and 2009, when the …

I assess the effectiveness of macroprudential policy tools in containing credit cycles per se
or the impact of portfolio inflows on the cycles in major emerging market economies. The …

Public administration, public policy, and political economy literatures are increasingly
preoccupied with the role of agency in policy and institutional change, and the effects of …

This paper assesses the individual effects on economic performance of different monetary
policy interest rates for a central bank. To measure these effects, we employ an extension of …

The principal aim of this paper is to examine whether the bank ownership structure leads to
differences in the lending dynamics of banks during the various phases of the business …

This paper proposes a panel VAR model to uncover the effect of monetary policy and
macroprudential tightening probability on general purpose loans, housing loans, vehicle …

The role of the exchange rates in emerging market economies that have adopted inflation
targeting (IT) is a critical and contentious issue in the relevant literature. This article …

Causal mechanisms have received significant attention within the social sciences, and
policy design and implementation occupy a prominent place in public policymaking …

In the aftermath of the global financial crisis, the Central Bank of the Republic of Turkey
(CBRT) designed and adopted a policy mix where reserve requirements, an asymmetric …

It is widely held in the public policy and political economy literatures that the Turkish state is
weak and cannot adopt a proactive approach in the financial services industry by steering …