Download or read book Bank Lending in Turkey written by Ms.Deniz Igan and published by International Monetary Fund. This book was released on 2010-10-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Does the Bank Lending Channel of Monetary Transmission Work in Turkey written by Ms.Petya Koeva Brooks and published by International Monetary Fund. This book was released on 2007-12-01 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Finance and Development Planning in Turkey written by Maxwell J. Fry and published by Brill Archive. This book was released on 1972 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Turkish Banking written by Y. Altunbas and published by Springer. This book was released on 2008-12-15 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of Turkey's EU bid and the successful IMF-led disinflation program, this book explores the evolution and performance of the Turkish banking sector. Analyzing the repercussions of overall economic structure, financial crises and political instability on its financial sector, it scrutinizes the prospects for the future of banking sectors.
Download or read book Does the Bank Lending Channel of Monetary Transmission Work in Turkey written by Petya Koeva and published by . This book was released on 2007 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Bank Lending Channel of Monetary Transmission written by Petya Koeva Brooks and published by . This book was released on 2007-12-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Monetary Policy and Banking Sector written by Ahmet Akinci and published by . This book was released on 2018 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: We find evidence that monetary policy influenced bank lending in Turkey in the period 1991 - 2007 both directly through the money lending channel and indirectly through the bank lending channel. The bank lending channel is shown to depend on two bank characteristics, namely liquidity and capital. We also find that both capital and GDP growth have plausible positive and significant long-run effects on bank loan growth, whereas inflation, bank size and, in particular, efficiency do not have a significant equilibrium relationship with loan growth. This latter result is despite our finding that the efficiency of all Turkish banks improved over the period. It is also evident that domestic banks are, unexpectedly, found to be more efficient, on average, than foreign banks. We discovered no evidence of significant dynamics or fixed-effects in the growth of loans and so prefer to use the pooled OLS estimator over the fixed-effects and Arellano and Bond estimators. We therefore caution against assuming the existence of fixed-effects and dynamics in such models as this may adversely affect inference.
Download or read book Finance and Development Planning in Turkey written by Fry and published by BRILL. This book was released on 2022-07-04 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bank Ownership Type and Banking Relationships written by Allen N. Berger and published by World Bank Publications. This book was released on 2006 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Turkey written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-09-07 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assessment is a featured report of Turkey’s credit boom in the middle of 2011. The country faced the global crisis successfully because of earlier significant capital buffers. Overall, the country was healthy financially, but there was a slowdown in loan growth and market vulnerabilities. This insignificant shudder caused the regime to strengthen the fiscal sector and insurance framework. Despite new macrofinancial risks in domestic and international developments, the Executive Board still considers Turkey a balanced power.
Download or read book Bank Lending in Turkey written by Burcu Aydin and published by INTERNATIONAL MONETARY FUND. This book was released on 2010-10-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Non bank Financial Institutions and Capital Markets in Turkey written by Lalit Raina and published by World Bank Publications. This book was released on 2003-01-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently, Turkey's financial services industry is in an early stage of development with credit markets dominated by banking and capital markets dominated by Government securities. Longstanding macro-economic instability and inflation have discouraged investment in financial assets and crowded out funding for the private sector. The resulting lack of depth and breadth has made the financial sector in Turkey vulnerable to shocks resulting in repeated crises, and has diminished its intermediation efficiency. This study analyzes the state of development and prospects for future growth of Turkish non-bank financial institutions and capital markets. It identifies the key policy issues that should be addressed in order to develop non-bank financial institutions in Turkey. Some of the themes included in the discussion and policy recommendations are: mobilizing savings; building an institutional investor base comprising insurance companies, private pension funds, and mutual funds; developing equity markets, debt markets, and derivative markets; developing leasing, factoring and venture capital companies; and strengthening confidence in financial markets through improved corporate governance.
Download or read book Has the Bank Lending Channel Changed in Turkey After the Crisis in 2001 written by Elmira Partovi and published by . This book was released on 2018 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contribution investigates the role of Turkish banks in the monetary transmission mechanism, focusing on bank lending channel, over the time horizon 2002-2016. This study deploys a Bayesian stochastic frontier approach for our estimates. Literature shows that bank specific characteristics (e.g., liquidity) can have a significant impact on the provision of credit as well as changes in a bank's loan portfolio, alongside the banks main characteristics (e.g., loan and receivable). Hence, this study enriches the standard analysis by evaluating Turkish banks technical and allocative efficiencies as well as the impact on the monetary policy stance for the Central Turkish Bank. Specifically, this research considers the sub-periods 2002-2008 and 2008-2016 to examine how monetary policy shocks influenced the credit and lending channel functioning in Turkey, especially after the major restructuring programme in 2000-2001. Given our unique dataset, empirical evidence suggests cross-sectional heterogeneity in bank response to monetary policy changes during 2002-2016. Based on the results of both pre- and post-crisis periods, the study finds that an operative bank lending channel has been existing in Turkey. Particularly, it emerges that monetary policy changes on bank credit supply affects bank differently based on their characteristics. Moreover, our findings confirm that banks with weaker capital positions, greater dependence on market funding and non-interest sources of income restricted the loan supply more strongly in case of any monetary shocks. Eventually, our results are in line with Akinci et al. (2013) who found that domestic banks are unexpectedly more efficient than foreign banks.
Download or read book The Bank Lending Channel of Monetary Transmission written by Petya Koeva and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Programming and Policy the Case of Turkey Reprint written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-11-30 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: The art of financial programming is a central element in the design of IMF-supported macroeconomic adjustment programs. This volume, edited by Richard Barth and William Hemphill, includes contributions from staff members of the IMF institute and introduces the reader to the concepts and tools of analysis needed to formulate a financial program. The book presents a series of workshops that explain the accounting identities, behavioral relationships, and forecasting techniques that underlie the constuction of a financial program. The workshops use the case of Turkey to illustrate the techniques, and the complete data set for Turkey is included on a diskette (supplied in a back-cover pocket).
Download or read book Country Finance written by and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The effects of financial liberalization and new bank entry on market structure and competition in turkey written by Cevdet Denizer and published by World Bank Publications. This book was released on 1997 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
