We analyze inflation dynamics in Turkey by estimating inflation persistence for the period
1990–2018. Inflation persistence is defined as the speed with which inflation returns to its …

During the recent era, many emerging market economies have implemented unconventional
policy measures to mitigate the effect of large swings in short-term capital flows on domestic …

This article examines the political economy of central banking in Turkey in the aftermath of
the global financial crisis. The macroprudential turn led by the Turkish central bank not only …

We develop a macroeconomic agent-based model to study how financial instability can
emerge from the co-evolution of interbank and credit markets and the policy responses to …

In the aftermath of the Global Financial Crisis (GFC),'financial stability'emerged as one of the
key pillars of economic policy-making and as a new mandate for central banks. In spite of …

An effective monetary policy framework is often viewed as a pre-condition for well-
functioning financial markets. Yet measuring monetary policy effectiveness is not …

The potential implications of central bank digital currencies (CBDCs) on Silicon Valley Bank
(SVB) are vast, particularly when it comes to oversight of the bank. This paper aims to …

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

This paper examines to what extent macroprudential policies in the Turkish banking sector
affected the functioning of depositor discipline. Our results suggest that depositors' …

Abstract The Bank of Japan (BOJ) is attempting to overcome the mild deflation that has
lasted in Japan for nearly 15 years and to achieve its 2% price stability target. In the face of …