Agenor, Pierre-Richard; Alper, Koray; Silva, Luiz Pereira da - Türkiye Cumhuriyet Merkez Bankası - 2012
This paper examines the roles of bank capital regulation and monetary policy in mitigating procyclicality and promoting macroeconomic and financial stability. The analysis is based on a dynamic stochastic model with imperfect credit markets. Macroeconomic stability is defined in terms of a...