Revisiting the bank lending channel in Turkey under the unconventional monetary policy framework

نویسندگان

چکیده

This paper provides empirical evidence regarding the bank lending channel under Turkey's unconventional monetary policy framework. Towards this end, impact of changes in stance on credit growth is investigated using a dynamic panel data modelling approach between 2011 and 2019. The results reveal cross-sectional heterogeneity loan supply Turkish banks following change policy, which implies an operative post-2010 period mix. Small, liquidity-constrained, inadequately capitalized tend to experience sharper contractions their during tightening episodes. Besides, terms bank-specific characteristics, findings demonstrate that larger size capital associated with higher supply. On contrary, liquidity found harm lending.

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ژورنال

عنوان ژورنال: Business And Management Studies: An International Journal

سال: 2022

ISSN: ['2148-2586']

DOI: https://doi.org/10.15295/bmij.v10i3.2099