This study provides an empirical analysis of the two macroprudential instruments, namely the reserve option mechanism and the interest rate corridor, employed by the Central Bank of the Republic of Turkey in the aftermath of the global financial crisis. A nine-variable structural vector...

This paper examines the relation between exchange rates and prices in India over three periods, 1975-1986, 1992-1998 and 1999-2010. These periods which are marked with changing trading and monetary policy regimes provide an interesting case study to analyze the importance of openness and...