Banka Kredi Kanalının İşleyişi: Türkiye Uygulaması (2011-2018) (The Functioning of the Bank Credit Channel: The Application of Turkey (2011-2018))

Alparslan Serel and Huseyin Guvenoglu
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Alparslan Serel: Bandirma Onyedi Eylul University
Huseyin Guvenoglu: Bandirma Onyedi Eylul University

Business and Economics Research Journal, 2019, vol. 10, issue 4, 867-883

Abstract: The monetary authorities are trying to be effective on the real economy with their monetary policies. Monetary policies affect economic activities through monetary transmission mechanism. In the literature, it is seen that monetary policy transmission channels are gathered under five different headings as interest rate channel, asset prices channel, exchange rate channel, credit channel and expectation channel. In order for the monetary authorities to reach their desired targets on economic activities, it is important to determine which transmission channel operate effectively. In this study, the effectiveness of the bank credit channel in Turkey, vector autoregression (VAR) with the help of the method, 2011: 01-2018: 12 period were analyzed using monthly data. The findings of the analysis show that the bank credit channel in Turkey is effective.

Keywords: Monetary Transmission Mechanism; Bank Credit Channel; VAR Model (search for similar items in EconPapers)
JEL-codes: C32 E44 E52 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0429

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