MODELLING THE INTEREST RATE ASYMMETRIC PASS-THROUGH IN TURKISH LOAN MARKET: NEW EVIDENCE FROM THRESHOLD COINTEGRATION ANALYSIS
نویسندگان
چکیده
The current study aims to examine the relationship between banks’ marginal cost (official policy rate) and retail rates in Turkish banking loan market. We tested asymmetric pass-through by using threshold autoregressive (TAR) momentum (MTAR) weekly data over period of 2011:1 2021:36. Empirical results reveal that there is incomplete rate lending as vehicle, housing, commercial loans. find while housing are rigid downward, vehicle upward. weak adjustment indicate contestability market has worsened during last decades. Moreover, positive, negative asymmetries transmission process system imply impact central bank decision on macroeconomic variables (such inflation, growth etc.) accepted be Turkey.
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ژورنال
عنوان ژورنال: Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü dergisi
سال: 2021
ISSN: ['1302-3284', '1308-0911']
DOI: https://doi.org/10.16953/deusosbil.1009194