Working Papers in full text
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
All
Other research-related activities and publications of the IMF can be found at IMF Research
|
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
|
|
|
|
Bank Lending in Turkey: Effects of Monetary and Fiscal Policies
|
Author/Editor: |
Aydin, Burcu | Igan, Deniz |
|
Electronic Access: |
Free Full Text (PDF file size is 1,022KB)
Use the free Adobe Acrobat Reader to view this PDF file.
|
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
|
|
Summary: The period following the 2000-01 crisis was marked by a successful disinflation program sustained through inflation targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during this period. Using quarterly bank-level data covering 2002-08, we find evidence that liquidity-constrained banks have sharper decline in lending during contractionary monetary policies and that crowding-out effect disappears more for banks with a retail-banking focus when fiscal policies are prudent.The results are statistically weak, suggesting that bank lending channel is not strong in Turkey and government finances has limited direct impact on credit.
|
|
|
|
Order a print copy
|
|
Series: |
Working Paper No. 10/233 |
|
Subject(s): |
Bank credit | Banking crisis | Banking sector | Credit expansion | Fiscal policy | Loans | Monetary policy | Monetary transmission mechanism | Turkey |
|
Author's keyword(s): |
Bank credit
| monetary policy
| fiscal policy
| panel data.
|
|
|
|
|
| |
Published: |
|
October 1, 2010 |
|
|
|
|
| |
|
|
|
|
Format: |
|
Paper |
| |
Stock No: |
|
WPIEA2010233 |
|
Pages: |
|
33 |
| |
Price: |
|
US$18.00 |
|
|
|
|
|
|
|
| |
Published: |
|
February 1, 2011 |
|
|
|
|
| |
|
|
|
|
Format: |
|
A web quality merged PDF |
| |
Stock No: |
|
WPIT2010233 |
|
Pages: |
|
31 |
| |
Price: |
|
US$18.00 |
|
|
|
|
|
|
