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Macroeconomic Information and the Role of Banks in Its Transmission: Evidence from Turkey

Hasan Ersel

Emerging Markets Finance and Trade, 2002, vol. 38, issue 4, 9-23

Abstract: This paper addresses two questions: Do Turkish private commercial banks take macroeconomic information into account in taking their major managerial decisions? And, if so, do they react to such information in a predictable manner? The findings, based on pooled cross-section time-series data for the 1989–1999 period, indicate that both questions can be answered affirmatively.

Keywords: bank behavior; macroeconomic information; uncertainty (search for similar items in EconPapers)
Date: 2002
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