{
  "title": "Does the Bank Lending Channel of Monetary Transmission Work in Turkey?",
  "publication": "IMF Working Papers, December 1, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/does-the-bank-lending-channel-of-monetary-transmission-work-in-turkey-21488",
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  "summary": "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 chara",
  "sections": [
    {
      "heading": "Research question and context",
      "content": "- Core question: Does the bank lending channel of monetary transmission work in Turkey?\n- Context: Uses the May–June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy."
    },
    {
      "heading": "Methodology and data",
      "content": "- Identification strategy: Treats the May–June 2006 financial turbulence as an exogenous shock to monetary policy.\n- Empirical focus: Examines the loan supply response of Turkey's banks depending on their balance sheet characteristics, with particular attention to bank liquidity."
    },
    {
      "heading": "Key findings",
      "content": "- Banks can play a role in Turkey's monetary transmission mechanism.\n- Bank liquidity is found to have a significant effect on loan supply in Turkey.\n- Implication from findings: The effect of monetary policy in Turkey can be propagated by the banking sector, depending on its liquidity position."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Bank credit, Banking, Commercial banks, Liquidity, Loans\n- Keywords: bank, lending channel, loan, WP\n\n---\n\n Content in this bundle\n\n- wp07272\n  - wp07272 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp07272 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/does-the-bank-lending-channel-of-monetary-transmission-work-in-turkey-21488"
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    "Authors: Petya Koeva Brooks",
    "Published: December 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451868357.001",
    "Core question: Does the bank lending channel of monetary transmission work in Turkey?",
    "Context: Uses the May–June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy.",
    "Identification strategy: Treats the May–June 2006 financial turbulence as an exogenous shock to monetary policy.",
    "Empirical focus: Examines the loan supply response of Turkey's banks depending on their balance sheet characteristics, with particular attention to bank liquidity.",
    "Banks can play a role in Turkey's monetary transmission mechanism.",
    "Bank liquidity is found to have a significant effect on loan supply in Turkey.",
    "Implication from findings: The effect of monetary policy in Turkey can be propagated by the banking sector, depending on its liquidity position.",
    "Subject: Bank credit, Banking, Commercial banks, Liquidity, Loans",
    "Keywords: bank, lending channel, loan, WP",
    "**_wp07272**"
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