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dc.contributor.advisorBöke, Selin Sayeken_US
dc.contributor.authorDalkıran, Dilşat Tugbaen_US
dc.date.accessioned2016-01-08T18:19:21Z
dc.date.available2016-01-08T18:19:21Z
dc.date.issued2012
dc.identifier.urihttp://hdl.handle.net/11693/15491
dc.descriptionAnkara : The Department of Economics, İhsan Doğramacı Bilkent University, 2012.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2012.en_US
dc.descriptionIncludes bibliographical references leaves 35.en_US
dc.description.abstractFollowing the recent financial crisis, reserve requirements have become a policy instrument preferred in many emerging markets such as China, Brazil and Turkey for various purposes. Therefore, the formulating a theoretical framework to study the policy effectiveness remains an important issue. In this thesis, I develop a DSGE model with the financial accelerator mechanism so as to see the effectiveness of reserve requirement in small open economies, especially in influencing the external imbalances. External imbalances can either be interpreted as current account imbalances or its mirroring capital account imbalances. The main channel through which the external balances play a role is via the banking sector, which is modelled as engaging in international borrowing. This framework allows examination of the responses of the external imbalances to shocks to the reserve requirement ratio As a result, higher reserve requirements make domestic borrowing cheaper than foreign borrowing and by this way, changes in net foreign liabilities create a current account surplus. Thus, a country with current account deficit can use reserve requirements to readjust its external imbalances.en_US
dc.description.statementofresponsibilityDalkıran, Dilşat Tugbaen_US
dc.format.extentxii, 35 leavesen_US
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectDSGEen_US
dc.subjectFinancial Acceleratoren_US
dc.subjectReserve Requirementsen_US
dc.subjectCurrent Accounten_US
dc.subject.lccHG3882 .D35 2012en_US
dc.subject.lcshBalance of payment--Econometric models.en_US
dc.subject.lcshReserves (Accounting)en_US
dc.subject.lcshFinancial crises.en_US
dc.subject.lcshMonetary policy.en_US
dc.titleEffectiveness of reserve requirements on current account imbalancesen_US
dc.typeThesisen_US
dc.departmentDepartment of Economicsen_US
dc.publisherBilkent Universityen_US
dc.description.degreeM.S.en_US


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