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The ECB and Euro-Area Enlargement
Berger, Helge - 2002
The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro area could more than double, with the vast majority of accession countries being...
Persistent link: https://www.econbiz.de/10014399555
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The role of monetary policy in Turkey during the global financial crisis
Alp, Harun; Elekdaǧ, Selim Ali - 2011
Persistent link: https://www.econbiz.de/10009424807
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Bank Lending in Turkey : Effects of Monetary and Fiscal Policies
Aydin, Burcu - 2010
targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during … channel is not strong in Turkey and government finances has limited direct impact on credit …
Persistent link: https://www.econbiz.de/10014397471
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The Role of Monetary Policy in Turkey During the Global Financial Crisis
Elekdag, Selim - 2011
Turkey is an interesting case study because it was one of the hardest hit emerging economies by the global financial … fallout from the crisis, the Central Bank of the Republic of Turkey (CBRT) decreased policy rates by an astounding 1025 basis …
Persistent link: https://www.econbiz.de/10014399210
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The Bank Lending Channel of Monetary Transmission : Does it Work in Turkey?
Koeva Brooks, Petya - 2007
Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as … response of Turkey''s banks, depending on their balance sheet characteristics. The empirical results indicate that banks can … play a role in Turkey''s monetary transmission mechanism. Specifically, bank liquidity is found to have a significant …
Persistent link: https://www.econbiz.de/10014400425
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Independent central banks in democracies?
Bergström, Villy - In: Sveriges Riksbank economic review (2001) 1, pp. 5-18
Persistent link: https://www.econbiz.de/10001584078
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Hysteresis and business cycles
Cerra, Valerie; Fatás, Antonio; Saxena, Sweta Chaman - 2020
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...
Persistent link: https://www.econbiz.de/10012251398
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Extraordinary measures in extraordinary times : public measures in support of the financial sector in the EU and the United States
Stolz, Stéphanie Marie (contributor);  … - 2010
Persistent link: https://www.econbiz.de/10011627078
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China's rebalancing : recent progress, prospects and policies
Mano, Rui C.; Zhang, Jiayi - 2018
While China's growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage...
Persistent link: https://www.econbiz.de/10012112238
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The effective lower bound for the policy rate in euroized economies : an application to the case of Albania
Della Valle, Guido; Themeli, Erald; Veyrune, Romain; … - 2018
Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower bound in small, open, and euroized economies. The paper introduces a stylized monitoring tool to assess the unintended consequences of low policy rates. The paper is the first...
Persistent link: https://www.econbiz.de/10011848127