Browsing by Subject "Loan Growth"
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Item Open Access Lending behaviors of Turkish banks during elections and business cycles(2017-09) Ali, FurqanThis thesis examines the lending behavior of Turkish banks during elections and business cycles using quarterly data for the period December 2001-September 2016. Banks are classified on the basis of their ownership as public, private and foreign banks and their deposit collecting ability as deposit and development banks. Five general election and three local election events are studied during this period. I find that all banks except foreign development banks increase their nominal and real loan growth rates during general elections. Loan growth rates of public deposit and development banks are found to increase during local elections more than that of private banks. The results of one-step system GMM model suggests that loan growth rate of public banks is less pro-cyclical than that of private banks. Public deposit banks are found to lend pro-cyclically while public development banks are not. It is also found that public banks increase their loan growth rate in periods with negative GDP growth rate.Item Open Access The sensitivity of loan growth and the existence of bank lending channel during the new regulatory environment in Turkey(2010) Kuşakcıoğlu, Zeynep GözdeTheoretical framework for monetary transmission mechanism and hence for bank lending channel provides straightforward impacts of monetary policy on aggregate output, however there is a problem of identification for these impacts with aggregate data. Using a two-staged approach, the thesis studies the loan growth sensitivities of banks in the new regulatory system in Turkey and tries to identify a relationship between loan growth sensitivity and monetary tightening. There are six alternative sensitivities tested in the thesis: (1) Liquidity sensitivity of bank loan growth, (2) Income sensitivity of bank loan growth, (3) Liquidity sensitivity of bank loan growth with ownership type of banks controlled, (4) Liquidity sensitivity of large banks loan growth, (5) Liquidity sensitivity of small banks loan growth. (6) Liquidity sensitivity of bank loan growth with foreign affiliation of banks controlled. Results confirm that there exists a positive relationship between liquidity sensitivity of loan growth of Turkish banks and monetary policy shocks. Results also show that small banks are more liquidity dependent during contradictionary monetary policy periods than large banks. Besides the results parallel to empirical findings in the literature, characteristics of Turkish banking sector are included in the discussion such as the influence of BRSA on banks and the impacts of its regulations. Robustness of the tests are checked with additional econometric models. Hence, the findings suggest that there are evidences on bank lending channel in Turkey for the period 1998-2009.