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Para Politikasi, Parasal Buyuklukler ve Kuresel Mali Kriz Sonrasi Gelismeler

Ozdemir, K. Azim - Türkiye Cumhuriyet Merkez Bankası - 2009

Bu calismada, parasal buyukluklerin para politikasindaki rolune dair yasanan teorik ve ampirik tartismalara isik tutulmaya calisilmaktadir. Kuresel mali kriz sonrasi gelismeler de bu kapsamda degerlendirilerek bu tartismadaki onemi vurgulanmaktadir. Diger yandan parasal buyuklukleri para...

Persistent link: https://www.econbiz.de/10008478284

Welfare Gains from Disinflation in an Economy With Currency Substitution (Para Ikamesinin Oldugu Bir Ekonomide Enflasyonun Dusurulmesinden Kaynaklanan Refah Kazanimlari)

Ozbilgin, H. Murat - Türkiye Cumhuriyet Merkez Bankası - 2010

This paper studies welfare gains from disinflation in the presence of currency substitution. A distinctive small open economy model with currency substitution and intermediated working capital is constructed for this objective. It is found that welfare gains from disinflation are higher when the...

Persistent link: https://www.econbiz.de/10008506037

Capital Regulation, Monetary Policy and Financial Stability

Agenor, Pierre-Richard; Alper, Koray; Silva, Luiz Pereira da - Türkiye Cumhuriyet Merkez Bankası - 2012

rate rule and a Basel III-type countercyclical capital regulatory rule may be optimal for promoting overall economic …

Persistent link: https://www.econbiz.de/10010941434

Required Reserves as a Credit Policy Tool

Mimir, Yasin; Sunel, Enes; Taskin, Temel - Türkiye Cumhuriyet Merkez Bankası - 2012

This paper conducts a quantitative investigation of the role of reserve requirements as a macroprudential policy tool. We build a monetary DSGE model with a banking sector in which (i) an agency problem between households and banks leads to endogenous capital constraints for banks in obtaining...

Persistent link: https://www.econbiz.de/10010941471

Analyzing Banks' Opinions on the Loan Supply and Loan Demand Using Multi-Country Bank Lending Survey Data

Kurul, Defne Mutluer - Türkiye Cumhuriyet Merkez Bankası - 2013

In the aftermath of the financial crisis, understanding the lending behavior of banks has become more important than ever. In this context, bank lending surveys, which are regularly conducted by central banks, enable us to disentangle the drivers of loan supply and loan demand. This paper...

Persistent link: https://www.econbiz.de/10010941489

Non-core Liabilities and Credit Growth

Kilinc, Zubeyir; Karasoy, Hatice Gokce; Yucel, Eray - Türkiye Cumhuriyet Merkez Bankası - 2013

The composition of bank liabilities has captured a lot of attention especially after the global financial crisis. It is argued that movements particularly in the non-core liabilities may reflect the stage of financial cycle. The literature claims that banks usually fund their credits with core...

Persistent link: https://www.econbiz.de/10010941500

Reserve Requirements, Liquidity Risk and Credit Growth

Alper, Koray; Binici, Mahir; Demiralp, Selva; Kara, Hakan; … - Türkiye Cumhuriyet Merkez Bankası - 2014

for banks. Bank lending behavior responds significantly to reserve requirements and liquidity positions. Our analysis … allows us to identify a new channel that we name as the “liquidity channel”. The channel works through a decline in bank … liquidity and loan supply due to an increase in reserve requirements. …

Persistent link: https://www.econbiz.de/10010941502

Cross Sectional Facts on Bank Balance Sheets over the Business Cycle

Abbasoglu, Osman Furkan; Genc, Serife; Mimir, Yasin - Türkiye Cumhuriyet Merkez Bankası - 2014

We investigate the cyclical behavior of banks' balance sheet variables for different size groups using bank-level Turkish data. We first rank banks based on the size of their assets, and then systematically document business cycle facts of various balance sheet items and profitability measures...

Persistent link: https://www.econbiz.de/10010941523

International Evidence on the Interaction between Cross-Border Capital Flows and Domestic Credit Growth

Arslan, Yavuz; Taskin, Temel - Türkiye Cumhuriyet Merkez Bankası - 2014

The extent of interaction between international capital flows and macro-financial stability is an important and unsettled topic of debate. We contribute to this discussion by providing empirical evidence on the relationship between capital flows and domestic credit growth using a large...

Persistent link: https://www.econbiz.de/10010941526

Finansal Krizlerin Belirleyicileri Olarak Hizli Kredi Genislemeleri ve Cari Islemler Acigi

Ganioglu, Aytul - Türkiye Cumhuriyet Merkez Bankası - 2012

Bu calismada 1970-2008 donemindeki finansal krizleri etkileyen unsurlar gelismis ve gelismekte olan ulkeler icin ayri ayri arastirilmaktadir. Panel logit veri teknigi kullanilarak yapilan analizde toplam 50 ulke olmak uzere, 24 tanesi gelismis, 26 tanesi gelismekte olan ulkenin finansal krizleri...

Persistent link: https://www.econbiz.de/10010941540