Bankacilik Sektorunun Likidite Pozisyonu ve Mevduat Faizleri ile Iliskisi

Koray Alper and Tanju Capacioglu

CBT Research Notes in Economics from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: [TR] Bu calismada, TL mevduat faizleriyle tarihsel olarak yakin iliskide olan kisa vadeli piyasa faizlerinin, soz konusu faiz oranlarindan son donemdeki ayrismasinin olasi nedenleri incelenmektedir. Bu cercevede, calisma, TL mevduatin alternatif fon kaynaklarina kiyasla daha maliyetli hale gelmesinde, bankalarin likidite pozisyonlarinin etkili oldugu yonundeki hipotezin gecerliligini test etmektedir. Bu dogrultuda, bankalarin kisa ve uzun vadeli likidite pozisyonunu temsil eden Likidite Karsilama Orani (LKO) ve Kredi/Mevduat Orani’ndaki (KMO) gelismeler ile mevduat faizleri arasindaki iliski ekonometrik yontemlerle analiz edilmektedir. Tahmin sonuclari, son donemde gozlenen TL mevduat yarisini aciklamada her iki gostergenin de istatiksel olarak anlamli olduguna isaret etmekle beraber uzun vadeli likidite gostergesi olan KMO’nun daha fazla oneme sahip bir etken oldugunu gostermektedir. [EN] This study analyzes the possible reasons behind the recent divergence between TL deposit rates and the short-term market rates, which historically displayed a close relationship with deposit rates. In this regard, the study tests the validity of the hypothesis that TL deposit rates have become more costly than alternative funding resources due to bank’s liquidity positions. Accordingly, using econometric techniques, the paper analyzes the relation of the deposit rates with the Liquidity Coverage Ratio (LCR) and Loan-to-Deposit Ratio (LTD) that represent the short-term and long-term liquidity positions of banks, respectively. The estimation results suggest that both indicators are statistically significant, while the long-term liquidity position indicator LTD is a more influential factor in explaining the recent deposit competition.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:econot:1631

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