An Empirical Study on Liquidity and Bank Lending

Koray Alper, Timur Hulagu and Gursu Keles

Working Papers from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: In this study, by using a panel data of Turkish banks, we empirically analyze whether monetary policies that are able to manipulate liquidity positions of banks can affect bank lending. Our results suggest that bank specific liquidity is important in credit supply. Moreover, in determining their lending, banks consider not only their individual liquidity position but also the systemic liquidity. Hence, any monetary policy which can alter liquidity is potentially effective on credit supply.

Keywords: Bank lending channel; Systemic liquidity; Panel data (search for similar items in EconPapers)
JEL-codes: C23 E44 E58 G21 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-ara, nep-ban, nep-cba and nep-mon
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Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:tcb:wpaper:1204

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