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Dollarization - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of developing and transition economies, and therefore typical of many countries with IMF - supported adjustment programs. This paper analyzes policy...
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In Turkey, as in other countries, the human and economic toll of the COVID-19 pandemic has been severe. Thousands of … sharp growth rebound-set Turkey apart from its peers. Rapid monetary and credit expansion and large liquidity support meant … that Turkey was among the few countries to experience positive economic growth in 2020. But these policies also aggravated …
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The purpose of the mission was to improve the understanding of the conduct of monetary policy in an inflation targeting …
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