This paper examines the case for using two instruments—the policy interest rate and
sterilized foreign exchange market intervention—in emerging market countries seeking to …

I assess the effectiveness of macroprudential policy tools in containing credit cycles per se
or the impact of portfolio inflows on the cycles in major emerging market economies. The …

The question whether central banks should bear responsibility for financial stability remains
unanswered. In connection with the use of interest rates, it is therefore not clear whether and …

This paper examines the Taylor rule in five emerging economies, namely Indonesia, Israel,
South Korea, Thailand, and Turkey. In particular, it investigates whether monetary policy in …

Bibliography | Emerald Insight Books and journals Case studies Expert Briefings Open
Access Publish with us Advanced search Bibliography Perry Warjiyo Solikin M. Juhro …

We investigate whether fiscal rules help to reduce the extent of policy procyclicality—how
government expenditure policy responds to GDP--in a dynamic panel framework with 81 …

Desde hace ya tres décadas la economía mexicana se encuentra en una trampa de lento
crecimiento con alta desigualdad. Se trata de una trampa en el sentido de que el propio …

Emerging economies with inflation targets (IT) face a dilemma between fulfilling the
theoretical conditions of “strict IT”, which imply a fully flexible exchange rate, or applying a …

Krisis keuangan global 2008/09 memberikan pelajaran mendasar bahwa untuk menjaga
stabilitas makroekonomi dan keuangan, bank sentral tidak bisa hanya dengan …

Abstract The Working Papers should not be reported as representing the views of the Banco
Central do Brasil. The views expressed in the papers are those of the author (s) and do not …