dc.contributor.author | Çevik, Nüket Kırcı | |
dc.contributor.author | Yurtkur, Asuman Koc | |
dc.contributor.author | Dibooğlu, Sel | |
dc.date.accessioned | 2022-05-11T14:33:44Z | |
dc.date.available | 2022-05-11T14:33:44Z | |
dc.date.issued | 2019 | |
dc.identifier.issn | 1226-508X | |
dc.identifier.issn | 1744-3873 | |
dc.identifier.uri | https://doi.org/10.1080/1226508X.2018.1531353 | |
dc.identifier.uri | https://hdl.handle.net/20.500.11776/7883 | |
dc.description.abstract | We examine the relationship between price stability and financial stability for major emerging economies using a Markov regime-switching model. Empirical results suggest that monetary policy is consistent with the Taylor rule in all countries except for India and all countries followed both low and high inflation targeting monetary policy regimes. Low inflation targeting regime seems to be more persistent and has higher duration than high inflation targeting regimes except for Indonesia and South Africa. All countries seem to have had financial stability concerns when they formulated their monetary policy as the coefficient of the financial stress index is statistically significant at least in one regime. Overall the results suggest that Taylor rule-based monetary policies have been implemented to various degrees in major emerging economies to achieve economic stability, price stability, and financial stability. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Routledge Journals, Taylor & Francis Ltd | en_US |
dc.identifier.doi | 10.1080/1226508X.2018.1531353 | |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | Monetary policy | en_US |
dc.subject | financial stability | en_US |
dc.subject | Taylor rule | en_US |
dc.subject | emerging markets | en_US |
dc.subject | Markov regime switching model | en_US |
dc.subject | Monetary-Policy Rules | en_US |
dc.subject | Stress | en_US |
dc.title | The Relationship Between Price Stability and Financial Stability: Evidence From Major Emerging Economies | en_US |
dc.type | article | en_US |
dc.relation.ispartof | Global Economic Review | en_US |
dc.department | Fakülteler, İktisadi ve İdari Bilimler Fakültesi, Maliye Bölümü | en_US |
dc.authorid | 0000-0002-3865-5868 | |
dc.identifier.volume | 48 | en_US |
dc.identifier.issue | 1 | en_US |
dc.identifier.startpage | 25 | en_US |
dc.identifier.endpage | 45 | en_US |
dc.institutionauthor | Çevik, Nüket Kırcı | |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.authorscopusid | 57136817300 | |
dc.authorscopusid | 57204122844 | |
dc.authorscopusid | 8873464300 | |
dc.authorwosid | Dibooglu, Sel/AAJ-4102-2020 | |
dc.authorwosid | yurtkur, asuman koç/AAC-8497-2019 | |
dc.identifier.wos | WOS:000457547800002 | en_US |
dc.identifier.scopus | 2-s2.0-85054572849 | en_US |