Turkey's Experience with Macroprudential Policy

17 Pages Posted: 5 Oct 2016

See all articles by Hakan Kara

Hakan Kara

Central Bank of Turkey; Bilkent University

Date Written: September 2016


The global financial crisis have led to a reassessment of macroeconomic policy formulation across the globe. As a consequence, countries have expanded their policy toolkits with macroprudential policies in recent years to deal with macro financial risks. The heightened volatility in capital flows during the post-crisis period has led to significant challenges especially for emerging economies by worsening policy trade-offs. Such an environment made additional tools of macroeconomic and financial policy more valuable.

Full publication: Macroprudential Policy

Suggested Citation

Kara, A. Hakan, Turkey's Experience with Macroprudential Policy (September 2016). BIS Paper No. 86q, Available at SSRN: https://ssrn.com/abstract=2844292

A. Hakan Kara (Contact Author)

Central Bank of Turkey ( email )

Istiklal Cad. 10 Ulus
06100 Ankara

Bilkent University ( email )

Bilkent, Ankara 06533
06800 (Fax)

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