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A Model of Exchange-Rate-Based Stabilization for Turkey

Aytac, Ozlem - 2008

countries however, such as Egypt, Lebanon and Turkey; have undertaken this sort of programs in the last 10-15 years. I depart …-rate-based stabilization program in Turkey: When the government lowers the rate of crawl, the rate of domestic credit creation is set equal to ….4% actual) observed in Turkey following the inception of the program …

Persistent link: https://www.econbiz.de/10012725830

A model of exchange-rate-based stabilization for Turkey

Aytac, Ozlem (contributor) - 2008

Persistent link: https://www.econbiz.de/10003738396

Anatomy of a failed IMF program : the 1999 program in Turkey

Çapoğlu, Gökhan - In: Emerging markets finance & trade : a journal of the … 40 (2004) 3, pp. 84-100

Persistent link: https://www.econbiz.de/10002114746

Failure of an exchange-rate-based stabilization plan in Turkey

Gökkent, Giyas; Moslares, Carlos; Amiel Saénz, Rafael - In: Eastern European economics 41 (2003) 1, pp. 35-67

Persistent link: https://www.econbiz.de/10015109626

Türkei: steiniger Weg zur Stabilität

Lanzeni, María L. - In: Aktuelle Themen : Deutschland, Europa, international (2000), pp. 9-11

Persistent link: https://www.econbiz.de/10001454750

A model of a heterodox exchange rate based stabilization

Aytac, Ozlem - In: Economic modelling 46 (2015), pp. 100-117

Persistent link: https://www.econbiz.de/10011436539

Monetary regimes with two nominal anchors : are they possible?

Fabris, Nikola - In: Journal of central banking theory and practice 14 (2025) 1, pp. 5-19

The traditional approach to monetary policy, which relied on one instrument to achieve a single goal, has proven ineffective during recent periods of global instability. In response to the challenges that this traditional framework could not address, non-standard monetary policy instruments have...

Persistent link: https://www.econbiz.de/10015375710

Deja Vu All Over Again? : The Mexican Crisis and the Stabilization of Uruguay in the 1970's

International Monetary Fund - 1996

Comparing the 1978-82 Uruguayan stabilization with the 1990-94 Mexican experience reveals that exchange rate based stabilization tends to increase the economy’s vulnerability to unexpected shocks. An exchange rate rule, with full capital mobility, can only succeed if compatible financial...

Persistent link: https://www.econbiz.de/10014395804

Exchange-Rate-Based Stabilization under Imperfect Credibility

Calvo, Guillermo - 1991

This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the inflation rate, with no effect on output or consumption....

Persistent link: https://www.econbiz.de/10014396006

Interest Rate Rules, Inflation Stabilization, and Imperfect Credibility : The Small Open Economy Case

Calvo, Guillermo A. - 2007

The paper examines the robustness of Interest Rate Rules, IRRs, in the context of an imperfectly credible stabilization program, closely following the format of much of the literature in open-economy models, e.g., Calvo and Végh (1993 and 1999). A basic result is that IRRs, like Exchange Rate...

Persistent link: https://www.econbiz.de/10012465476