• Author/Authors

    UÇAK, Ayhan Trakya University - Department of Economics, Turkey , YILDIRAK, Kasırga Trakya University - Department of Economics, Turkey

  • Title Of Article

    AN ALTERNATIVE APPROACH TO ANALYZE THE MONETARY TRANSMISSION IN TURKEY: AN EMPIRICAL ANALYSIS ON SPEED OF ADJUSTMENT

  • شماره ركورد
    38304
  • Abstract
    Monetary transmission mechanism has a crucial role on the effectiveness of monetary policy. Changes in policy interest rates impact real variables through the channels of the mechanism and are transmitted to retail banking interest rates with lags that could be summarized in speed of adjustment level. We offer a model to estimate the parameter so called “speed of adjustment” and make a comparative analysis using time varying speed of adjustment for bank loans interest rates to the policy interest rates in the Turkish economy.
  • From Page
    93
  • NaturalLanguageKeyword
    Monetary policy , policy rate , interest rate pass , through , bank loans , Hull , White model , Kalman filter
  • JournalTitle
    Journal Of Financial Researches an‎d Studies
  • To Page
    104
  • JournalTitle
    Journal Of Financial Researches an‎d Studies
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=44&DC=38304