The effect of monetary policy on bank lending in Turkey
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.
Year of publication: |
2005
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Authors: | Sengonul, Ahmet ; Thorbecke, Willem |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 15.2005, 13, p. 931-934
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Publisher: |
Taylor & Francis Journals |
Saved in:
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