We document a disconnect between policy rates and short-term market rates in emerging
economies. On the one hand, central banks in emerging economies follow Taylor-type rules …

The principal aim of this paper is to examine whether the bank ownership structure leads to
differences in the lending dynamics of banks during the various phases of the business …

This paper examines the role of trade credit in the transmission of global liquidity conditions.
Specifically, we investigate whether trade credit complements or substitutes the decline in …

We argue that speculative forces drive currency forward demand and shape covered interest
parity (CIP) deviations in emerging economies. We propose a model in which global …

This paper studies how a tightening in global capital conditions, led by the United States
Federal Reserve (Fed)'s taper tantrum policy in 2013, affects small and medium-sized …

Literatürde birçok çalışma, parasal aktarım mekanizmasını faiz oranı kanalı ile beraber
bankacılık sektörü kredi kanalını da ele almışlardır. Araştırma sonuçları, banka kredilerinin …

When tight monetary policy curtails domestic supply of credit and raises domestic borrowing
costs, firms that tap foreign bond markets to obtain cheaper funding can isolate themselves …

This paper studies how a tightening in global capital conditions, led by the United States
Federal Reserve (Fed)'s taper tantrum policy in 2013, affects small and medium-sized …

This chapter will focus on the experience of the Central Bank of the Republic of Turkey
(CBRT) concerning the policy mix. The chapter discusses the impact of the global financial …

This chapter will focus on the experience of the Central Bank of the Republic of Turkey
(CBRT) concerning the policy mix. The chapter discusses the impact of the global financial …