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 …
O Aslaner, U Ciplak, H Kara, D Küçüksaraç - Central Bank Review, 2015 - academia.edu
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 …
E Demirbas, N Can - Journal of Central Banking Theory and Practice, 2022 - sciendo.com
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 …
H Cömert, O Türel - Middle East Technical University, 2016 - erc.metu.edu.tr
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 …