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 …

Many central banks in emerging economies have used reserve requirements (RR) to
alleviate the trade-off between financial stability and price stability in recent years …

During the recent era, many emerging market economies have implemented unconventional
policy measures to mitigate the effect of large swings in short-term capital flows on domestic …

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 …

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 …

Heightened volatility in cross-border capital flows has increased exchange rate volatility
across emerging markets as well as in advanced economies, setting the stage for more …

In the aftermath of the Global Financial Crisis (GFC),'financial stability'emerged as one of the
key pillars of economic policy-making and as a new mandate for central banks. In spite of …