Central Banking in Developing Countries after the Crisis: What Has Changed?



Central Banking in Developing Countries After the Crisis What Has Changed
Benlialper, Ahmet; Cömert, Hasan (2016-01-01)
The aim of this chapter is to assess how the theory and practices of central banking have evolved in developing countries in response to the crisis of 2008_9. Our findings suggest that the recent experiences of both advanced countries and developing countries during and after the global economic crisis have exposed the problems within mainstream monetary theory. In response to the crisis, mainstream thinking has been revised considerably. In line with this, there is also a shift in central banking practices...
Central Banking and Financial Markets The Declining Power of US Monetary Policy
Cömert, Hasan (Edward Elgar , 2013-01-01)
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Credit risk modeling with stochastic volatility, jumps and stochastic interest rates
Yüksel, Ayhan; Akyıldız, Ersan; Department of Financial Mathematics (2007)
This thesis presents the modeling of credit risk by using structural approach. Three fundamental questions of credit risk literature are analyzed throughout the research: modeling single firm credit risk, modeling portfolio credit risk and credit risk pricing. First we analyze these questions under the assumptions that firm value follows a geometric Brownian motion and the interest rates are constant. We discuss the weaknesses of the geometric brownian motion assumption in explaining empirical properties of...
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Citation Formats
H. Cömert, Central Banking in Developing Countries after the Crisis: What Has Changed? 2016.