Bank lending channel in Turkey

buir.advisorÖzcan, Kıvılcım Metin
dc.contributor.authorAktaş, Cihan
dc.date.accessioned2016-07-01T11:08:13Z
dc.date.available2016-07-01T11:08:13Z
dc.date.issued2006
dc.departmentDepartment of Economicsen_US
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractThis thesis analyses empirically the role of bank lending in monetary policy transmission on the basis of Turkish bank level data. First, the research addresses the theoretical framework of the bank lending channel, examines necessary conditions for its existence, and presents a simplified, but still explanatory theoretical model in the spirit of Kashyap and Stein’s work empowered by Peek and Rosengren’s assumptions. Second, attention is paid to the institutional features of Turkish financial system that make the bank lending channel (apart from traditional interest rate channel) a plausible candidate to explain the influence of the Turkish Central Bank’s monetary policy on real sector. Third, the paper conducts an econometric analysis of whether bank lending channel in fact operates in Turkey. The main result suggests that there is a strong evidence supporting the operation of bank lending channel in Turkey, depending to the capital adequacy of the commercial banks, which is consistent with the bank lending channel hypothesis.en_US
dc.description.degreeM.A.en_US
dc.description.provenanceMade available in DSpace on 2016-07-01T11:08:13Z (GMT). No. of bitstreams: 1 0003183.pdf: 403443 bytes, checksum: 660378d9e61bec9a2504952e2e699e43 (MD5) Previous issue date: 2006en
dc.description.statementofresponsibilityAktaş, Cihanen_US
dc.format.extentix, 64 leaves, tablesen_US
dc.identifier.itemidBILKUTUPB100289
dc.identifier.urihttp://hdl.handle.net/11693/29889
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBank Lending Channelen_US
dc.subjectTurkeyen_US
dc.subject.lccHG1642.T9 A38 2006en_US
dc.subject.lcshBank credit Turkey.en_US
dc.titleBank lending channel in Turkeyen_US
dc.typeThesisen_US

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