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The Relationship Between Price Stability and Financial Stability: Evidence From Major Emerging Economies
Çevik, Nüket Kırcı; Yurtkur, Asuman Koc; Dibooğlu, Sel (Routledge Journals, Taylor & Francis Ltd, 2019)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 ...