Monetary policy and financial stability in emerging markets.

• Position: Conferences

In conjunction with the Central Bank of the Republic of Turkey, the NBER sponsored a meeting on "Monetary Policy and Financial Stability in Emerging Markets," which was held in Istanbul on June 13-15, 2014. The conference organizers were Research Associates Laurence Ball of Johns Hopkins University and Sebnem Kalemli-Ozcan of the University of Maryland, and Turalay Kenc and Yusuf Soner Baskaya of The Central Bank of the Republic of Turkey. The organizers chose these papers to discuss:

* Olivier Blanchard, International Monetary Fund and NBER, and Jonathan Ostry, Atish Ghosh, and Marcos Chamon, International Monetary Fund, "Capital Flow Management"

* Emmanuel Farhi, Harvard University and NBER, and Ivan Werning, MIT and NBER, "Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows"

* Kristin Forbes, MIT and NBER, and Michael Klein, Tufts University and NBER, "Shifting from a Salsa to a Waltz: The Consequences of Policy Responses during Global Booms"

* Laura Alfaro, Harvard University and NBER; Anusha Chari, University of North Carolina, Chapel Hill and NBER; and Fabio Kanczuk, University of Sao Paolo, "The Real Effects of Capital Controls: Credit Constraints, Exporters, and Firm Investment"

* Cecilia Dassatti, Central Bank of Uruguay, and Jose-Luis Peydro Universitat Pompeu Fabra, "Macroprudential and Monetary Policy: Loan-Level Evidence from...