Özden, Oktay; Demirel, Baki - In: PSL quarterly review 77 (2024) 308, pp. 23-57
This paper examines the validity of the endogenous money supply hypothesis in Türkiye from 2008 to 2020. The endogenous money hypothesis underlines the fact that a demand for bank credit leads to the creation of credit and deposit. Deposits are created once credit application is approved by...