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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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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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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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Inflation Targeting in Dollarized Economies
Leiderman, Leonardo - 2006
The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a successful implementation were not in place. The existence of managed exchange rate regimes, a...
Persistent link: https://www.econbiz.de/10014402285
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International Financial Integration, Sovereignty, and Constraintson Macroeconomic Policies
Kletzer, Kenneth - 2006
This paper considers the consequences of international financial market integration for national fiscal and monetary policies that derive from the absence of an international sovereign authority to define and enforce contractual obligations across borders. The sovereign immunity of national...
Persistent link: https://www.econbiz.de/10014401979
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Financial Dollarization in Latin America
Rennhack, Robert - 2006
This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results provide evidence that FD is a rational response to inflation uncertainty. The paper builds on previous research by finding that an exchange rate policy biased towards currency...
Persistent link: https://www.econbiz.de/10014404249
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Managing Systemic Liquidity Risk in Financially Dollarized Economies
Levy Yeyati, Eduardo - 2005
This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by...
Persistent link: https://www.econbiz.de/10014404199
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Trade Finance and Trade Flows : Panel Data Evidence From 10 Crises
Ronci, Márcio Valério - 2004
This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
Persistent link: https://www.econbiz.de/10014404046
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Informational Efficiency in Developing Equity Markets
McDermott, C. John - 1995
Jordan, Turkey and Pakistan over the period 1986–93. The analysis is carried out in two steps. The parameters of agents … negative shock to economic activity in the late 1980s caused agents to discount market fundamentals. For Turkey and Pakistan it …, although this lack of market depth did reduce in severity for Turkey over the sample period, as liberalization of financial …
Persistent link: https://www.econbiz.de/10014397956
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Shipping costs and inflation
Carrière-Swallow, Yan; Deb, Pragyan; Furceri, Davide; … - 2022
Persistent link: https://www.econbiz.de/10013169888