Capital inflows and central bank's policy response

CENTRAL BANK RESEARCH - Melike Altinkemer from the research department at the Central Bank of Turkey has written a paper "Capital inflows and the central bank's response". In this paper, capital inflow episode after the liberalization of capital account in Turkey is examined with special emphasis on the central bank's policy response.


The surge in capital inflows to emerging market economies in the 1990's led to much research on their causes, appropriate policy-mix in the face of large

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