Alper, Koray; Kara, Hakan; Yorukoglu, Mehmet - Türkiye Cumhuriyet Merkez Bankası - 2013
Heightened volatility in cross-border capital flows has increased exchange rate volatility across emerging markets as … exchange rate intervention, it may be well worthwhile to explore alternative mechanisms for dealing with capital flow … well as in advanced economies, setting the stage for more active management of currencies. Traditionally, foreign exchange …