In this paper we investigate how monetary policy in advanced economies affects financial
conditions in emerging market economies (EMEs). We find evidence for the working of …

During the global financial crisis of 2008–2009, both advanced and emerging countries
have implemented significant easing policies on monetary and fiscal fronts. Yet, the …

The last three decades have been marked by financial market globalisation and a higher
degree of integration of emerging markets into the world economy. One distinct feature of …

Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic
imbalances arose in the process. High consumer price inflation and a wide current account …

This thesis is composed of three empirical chapters each of which examines separate
segments of Turkish banking system from different perspectives. First empirical chapter …

In this paper, we study the evolution of inflation expectations for two key emerging
economies, Brazil and Turkey, using a reduced form model in a state-space framework …