European Parliament Library

Does the Bank Lending Channel of Monetary Transmission Work in Turkey?, Petya Brooks

Abstract
Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy, this paper examines the loan supply response of Turkey's banks, depending on their balance sheet characteristics. The empirical results indicate that banks can play a role in Turkey's monetary transmission mechanism. Specifically, bank liquidity is found to have a significant effect on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking sector, depending on its liquidity position
Table Of Contents
Contents; I. Introduction; II. Previous Literature; III. Methodology and Data; IV. Main findings; V. Conclusion; References
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (13 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451912883

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