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 …

This study provides an empirical analysis of the two macroprudential instruments, namely
the reserve option mechanism and the interest rate corridor, employed by the Central Bank …

After global financial crisis in 2008, as a result of decrease in interest rates and
expansionary monetary policies of developed countries, abundant liquidity was directed to …

The macroeconomic and financial stability orientation of AK Party governments, with their
emphasis on fiscal discipline and the regulatory function of the state in the financial system …

This article analyzes the Turkish central bank's “managed uncertainty” policy after the global
financial crisis. During 2010–14, the central bank intentionally generated uncertainty around …

Capital inflows are important factor affecting macroeconomic performance, such as the real
exchange rate, interest rates, output, and price level. However, the components of capital …

The financial crisis that started in August 2007 deeply changed the modus operandi of
monetary policy on both sides of the Atlantic Ocean and stimulated a debate about how to …

The nexus between stock markets and exchange rates is examined in the case of eight
European countries. The sample consists of four economies with national currencies and …

В работе анализируется влияние глобального финансового цикла на малые открытые
экономики и сравнивается эффективность мер денежно-кредитной и …

The Central Bank of the Republic of Turkey (CBRT) has utilized the interest rate corridor as a
macroprudential tool to mitigate rapid credit growth in Turkey since October 2011. This …