The global financial crisis have led to a reassessment of macroeconomic policy formulation
across the globe. As a consequence, countries have expanded their policy toolkits with …

This brief country case study on Turkey aims to summarize the fundamental developments in
the banking sector, which represents almost 90 percent of the financial sector in the country …

The predominant role of cross border financial flows for macroeconomic and financial
stability has imposed complex policy trade-offs for emerging economies, especially after the …

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 …

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 …

The aim of macroprudential policy is to ensure financial stability by avoiding the outbreak of
banking crises, which have a dangerous effect on the economy. Is macroprudential policy …

English The current financial crisis that has emerged in developed countries has rippled
across the world and Turkey has proved no exception. In this paper we consider the …

Emerging market central banks have a long history of using macroprudential instruments. In
the aftermath of the Asian crisis, central banks in the region deployed macroprudential tools …

The severity and longevity of the recession caused by the 2007 financial crisis has
highlighted the lack of a reliable macro-based financial regulation framework. As a …

The global financial crisis revealed a need for macro-prudential policy tools to mitigate the
build-up of systemic risk in the financial system and to enhance the resilience of financial …