The performance of a simple, countercyclical reserve requirement rule is studied in a
dynamic stochastic model of a small open economy with financial frictions, imperfect capital …

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 …

Although reserve requirements (RR) have been used in emerging markets to smooth credit
cycles, the transmission mechanism remains blurry. Using bank‐level data, we unveil the …

We analyze the effectiveness of various macroprudential policy instruments in reducing the
procyclicality of loan-loss provisions (LLPs) using individual bank information from over 65 …

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 …

Quantitative easing policies have led to persistent divergence between officially announced
policy rates and short-term money market rates in many economies, making it challenging to …

The experience of a number of central banks in emerging economies indicates that capital
flows can pose a dilemma. For example, raising policy rates can attract more capital inflows …

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

In this study, we examine the money supply endogeneity in Turkish economy for the post
crises period, between 2009.10 and 2016.12 by employing asymmetric causality test. Our …

This study examines the channels of transmission through which cash reserve ratio impacts
on credit to micro-, small and medium-sized enterprises (MSMEs). A vector error correction …