This seminar initially discusses financial crises and how they are linked to the macroeconomy, then presents a macro-prudential policy approach to safeguard macro-financial stability. The program focuses on capital flows and capital flow volatility, building on country experiences. The seminar will continue with financial stability monitoring and assessment issues. Finally, the seminar will provide an emerging economy perspective through the Turkish experience by presenting implications of macro-prudential and monetary policies for macro-financial stability.
• Financial crises and macro-financial linkages
• Macro-prudential policy framework
• Drivers of capital flows and managing large and volatile capital flows
• Exchange rate policies and financial stability
• Financial stability monitoring and assessment
• Macro-prudential and monetary policies for macro-financial stability in emerging economies and the Turkish experience