Değerli, Ahmet; Fendoğlu, Salih - In: International Review of Economics & Finance 35 (2015) C, pp. 166-179
During the recent era, many emerging market economies have implemented unconventional policy measures to mitigate the effect of large swings in short-term capital flows on domestic business cycles. This paper focuses on a novel capital flow management tool, the reserve option mechanism (ROM)...