The effect of monetary policy on bank lending in Turkey

Ahmet Sengonul and Willem Thorbecke

Applied Financial Economics, 2005, vol. 15, issue 13, 931-934

Abstract: This paper investigates how monetary policy affects bank lending in Turkey. Kashyap and Stein (2000) show that if contractionary monetary policy affects the supply of bank loans, it will reduce lending more at banks with less liquid balance sheets. Here, it is found that this is true in Turkey, indicating that there is a lending channel of monetary transmission there.

Date: 2005
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DOI: 10.1080/0960310050010225

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