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Introduction

Gürkaynak, Refet S. (Palgrave Macmillan, London, 2015)

Currency flows have always been a leading policy concern, especially in emerging markets. The long Japanese slump, the ensuing very low interest rates in Japan that have lasted 20 years, and the carry trades this fostered ...

Appropriate policy tools to manage capital flow externalities

Gürkaynak, Refet S. (Palgrave Macmillan, London, 2015)

Central banks are at the forefront of cyclical policymaking. They therefore become natural candidates to take over all cyclical policy objectives. This is often the case in policies for controlling capital inflows. Giving ...