417
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

Effectiveness of monetary policy under different levels of capital flows for an emerging economy: Turkey

&

References

  • Belke, A., and Rees, A. (2009) The importance of global shocks for national policy makers – rising challenges for central banks, Ruhr Economic Paper No. 135, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen. doi:10.3790/978-3-428-53254-4
  • Belke, A. and Rees, A. (2014, forthcoming) Globalisation and monetary policy—A FAVAR analysis for the G7 and the eurozone, The North American Journal of Economics and Finance. doi:10.1016/j.najef.2014.06.003
  • Berument, H. (2007) Measuring monetary policy for a small open economy: Turkey, Journal of Macroeconomics, 29, 411–30. doi:10.1016/j.jmacro.2006.02.001
  • Berument, H. and Pasaogullari, M. (2003) Effects of the real exchange rate on output and inflation:  evidence from Turkey, The Developing Economies, 41, 401–35. doi:10.1111/j.1746-1049.2003.tb01009.x
  • Christiano, L. J., Eichenbaum, M. and Evans, C. L. (1999) Chapter 2 monetary policy shocks: what have we learned and to what end?, Handbook of Macroeconomics, Vol. 1A, North-Holland, pp. 65–148. doi:10.1016/S1574-0048(99)01005-8
  • Cordero, J. A. and Montecino, J. A. (2010) Capital controls and monetary policy in developing countries (report), Center for Economic and Policy Research (CEPR), Washington, DC.
  • Devereux, M. B. and Yetman, J. (2013) Capital controls, global liquidity traps and the international policy trilemma, NBER Working Paper No. 19091, National Bureau of Economic Research, Cambridge, MA.
  • Giannoni, M. and Boivin, J. (2008) Global forces and monetary policy effectiveness, 2008 Meeting Paper No. 1067, Society for Economic Dynamics, Cambridge, MA.
  • Kamin, S. B. and Rogers, J. H. (2000) Output and the real exchange rate in developing countries: an application to Mexico, Journal of Development Economics, 61, 85–109. doi:10.1016/S0304-3878(99)00062-0
  • Kim, S. and Roubini, N. (2000) Exchange rate anomalies in the industrial countries: a solution with a structural VAR approach, Journal of Monetary Economics, 45, 561–86. doi:10.1016/S0304-3932(00)00010-6
  • Saborowski, C. and Weber, S. (2013) Assessing the determinants of interest rate transmission through conditional impulse response functions, IMF Working Paper No. 13/23, International Monetary Fund, IMF European Department, Washington, DC.
  • Towbin, P. and Weber, S. (2010) Limits of floats: the role of foreign currency debt and import structure, IHEID Working Paper No. 01-2010, Economics Section, The Graduate Institute of International Studies, Geneva.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.