The challenges threatening financial stability have grown owing to the increasing uncertainties in the global markets since the financial crisis. This has led policymakers to grant a larger role to financial stability in their implementations. Accordingly, the Turkish Central Bank modified its...

This paper examines the link between structural change and growth in India. 1988 is a structural break in the two time series, consistent with Panagariya (2008). There is a one-way causality from structural change to growth in 1988-2007, but no linkage pre-1988.