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

This paper investigates the effectiveness of macroprudential policies introduced by Turkey in
late 2010. The unprecedented quantitative easing policies of advanced countries after the …

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 …

ABSTRACT Central Bank of the Republic of Turkey (CBRT) designed and implemented a
new scheme since end-2011, called reserve options mechanism (ROM) in order to alleviate …

Girilen her ekonomik kriz sonrasında, İMF yönlendirmeleri ile adına “istikrar tedbirleri”
denilen pek çok ekonomik paket programlar yürürlüğe konulmuştur. Ancak, arzulanan siyasi …

This study investigates the effectiveness of ROM. We conducted the GARCH (1, 1) Model to
determine whether ROM contributed to decreasing the volatility of USD/TL exchange rate for …

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 …

Öz Dünya ekonomisinin son üç onyıldaki hızlı finansallaşması bağlamında, Türkiye'de para
politikalarının geçirdiği evrimi konu alan bu yazı, kısa ve tanıtıcı Prolog da dâhil olmak üzere …

The evolving global economic landscape necessitates adaptive monetary policies,
especially for economies like South Korea that are deeply integrated with global markets …