Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81685
Authors: 
Akyuz, Yilmaz
Year of Publication: 
2008
Series/Report no.: 
Discussion Paper, Turkish Economic Association 2008/4
Abstract: 
The Keynesian analysis of financial stability as developed by Hyman Minsky, provides considerable insights into understanding the nature and dynamics of boom-bust cycles driven by international capital flows in emerging markets. Its main policy conclusion that financial control rather than macroeconomic policy holds the key to financial stability is equally valid. There is however, need to develop a new approach to financial control and place greater emphasis on managing capital inflows than has hitherto been the case
Subjects: 
Financial instability
countercyclical policy
financial regulation
JEL: 
E32
F32
G18
Document Type: 
Working Paper

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