English Abstract: The study analyzes fundamentals of market microstructure in stock markets by utilizing theoretical and empirical literature and case studies such as market crash of 1987, also known as Black Monday, and the 2010 flash crash. The study further discusses how algorithmic trading...

Since two main principles of the monetary policy are credibility and transparency, central banks aim to develop long-run policies. However, contemporary monetary policy approach requires that central banks are responsible for developing short-run stability policies as well. Within this context,...