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Monetary policy and the banking sector in Turkey

Akinci, Dervis Ahmet, Matousek, Roman, Radic, Nemanja, Stewart, Chris (2013) Monetary policy and the banking sector in Turkey. Journal of International Financial Markets, Institutions and Money, 27 . pp. 269-285. ISSN 1042-4431. (doi:10.1016/j.intfin.2013.08.001) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1016/j.intfin.2013.08.001

Abstract

We find that monetary policy influenced Turkish bank lending between 1991 and 2007 through the money and bank lending channels. While capital and GDP growth have positive and significant long-run effects on bank loan growth, inflation, bank size and efficiency are not significant determinants. The latter is despite our finding that all Turkish banks' efficiency improved over the period. Domestic banks are unexpectedly found to be more efficient than foreign banks. With no evident dynamics or fixed-effects in loan growth we prefer the pooled-OLS estimator. We caution against assuming fixed-effects and dynamics are present as this may adversely affect inference. © 2013 Elsevier B.V.

Item Type: Article
DOI/Identification number: 10.1016/j.intfin.2013.08.001
Additional information: Unmapped bibliographic data: AD - Banking Regulation and Supervision Agency, Ataturk Bulvari, 191/C, Kavaklidere, Ankara, Turkey [Field not mapped to EPrints] AD - School of Business, Management and Economics, University of Sussex, Brighton BN1 9RH, United Kingdom [Field not mapped to EPrints] AD - Business School, Middlesex University, Burroughs, London NW4 4BT, United Kingdom [Field not mapped to EPrints] AD - School of Economics, History and Politics, Kingston University, Penrhyn Road, Kingston upon Thames KT1 2EE, United Kingdom [Field not mapped to EPrints] JA - J. Int. Financ. Mark. Inst. Money [Field not mapped to EPrints]
Uncontrolled keywords: Bank lending channel, Efficiency, Panel data, Turkey
Subjects: H Social Sciences > HG Finance
Divisions: Faculties > Social Sciences > Kent Business School > Accounting and Finance
Depositing User: Tracey Pemble
Date Deposited: 08 Apr 2014 14:24 UTC
Last Modified: 29 May 2019 12:04 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/39082 (The current URI for this page, for reference purposes)
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