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The Bank Lending Channel of Monetary Transmission: Does It Work in Turkey?

The Bank Lending Channel of Monetary Transmission: Does It Work in Turkey? by Petya Koeva Brooks
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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.
International Monetary Fund; December 2007
11 pages; ISBN 9781452761206
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Title: The Bank Lending Channel of Monetary Transmission: Does It Work in Turkey?
Author: Petya Koeva Brooks
 
ISBNs
1451912889
9781451868357
9781451912883
9781452761206