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dc.contributor.authorSahin, A.en_US
dc.contributor.authorDogan, B.en_US
dc.contributor.authorBerument, Hakanen_US
dc.date.accessioned2016-02-08T10:31:59Z
dc.date.available2016-02-08T10:31:59Z
dc.date.issued2015en_US
dc.identifier.issn0003-6846
dc.identifier.urihttp://hdl.handle.net/11693/24625en_US
dc.description.abstractThis article assesses the effectiveness of a novel macroprudential tool – the reserve option mechanism (ROM) – which Turkey’s central bank developed during the post-2008 period and has employed to control the risk associated with excessive capital flows. We assess how capital flows have affected economic variable changes since the introduction and usage of the ROM. Empirical evidence gathered from Turkey suggests that the tool decreases the effect of capital flow on capital flow (positive shock to capital flow dies out faster or becomes less persistent) and diminishes the effects of capital flow shocks on exchange and interest rates. © 2015 Taylor & Francis.en_US
dc.language.isoEnglishen_US
dc.source.titleApplied Economicsen_US
dc.relation.isversionofhttp://dx.doi.org/10.1080/00036846.2015.1064077en_US
dc.subjectCapital flowsen_US
dc.subjectMacroeconomic prudential toolsen_US
dc.subjectReserve option mechanismen_US
dc.subjectCapital flowen_US
dc.subjectCentral banken_US
dc.subjectExchange rateen_US
dc.subjectInterest rateen_US
dc.subjectMacroeconomicsen_US
dc.subjectTurkeyen_US
dc.titleEffectiveness of the reserve option mechanism as a macroeconomic prudential tool: evidence from Turkeyen_US
dc.typeArticleen_US
dc.departmentDepartment of Economicsen_US
dc.citation.spage6075en_US
dc.citation.epage6087en_US
dc.citation.volumeNumber47en_US
dc.citation.issueNumber56en_US
dc.identifier.doi10.1080/00036846.2015.1064077en_US
dc.publisherRoutledgeen_US
dc.contributor.bilkentauthorBerument, Hakan
dc.identifier.eissn1466-4283


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