Author/Authors :
ARABACI, Özer Uludağ Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Ekonometri Bölümü, Turkey , BAŞTÜRK, Meryem Filiz Uludağ Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey
Title Of Article :
Bank Lending Channel In Turkey: 2001-2008 Period
Abstract :
Although yet the studies done with the aggregated data provides information related with bank credit channel, the empirical models within this studies involve a definition problem. The definition problem mentioned here refers to the nondisclosure whether these studies arise from the decrease observed within the credits as a result of tight monetary policy is thence the loan supplies retrench of the banks or the decrease in the loan demands. Indeed, the first case indicates the credit channel operation, and the second case states the interest rate channel operation. The aim of this study is to analyze the operation of the bank loan channel within the 2001:05-2008:05 term during when the last two stand by agreements done with the IMF was valid. In accordance with the findings acquired from the structural VAR model in the study, it is found that the bank loan channel worked for the Turkish economy during the inspected term.
NaturalLanguageKeyword :
Definition problem , Structural VAR , Monetary policy , Loan demand , Loan supply
JournalTitle :
Gaziantep University Journal Of Social Sciences
