Alper, Koray; Hülagü, Timur; Keleș, Gürsu - 2012
to manipulate liquidity positions of banks can affect bank lending. Our results suggest that bank specific liquidity is … important in credit supply. Moreover, in determining their lending, banks consider not only their individual liquidity position … but also the systemic liquidity. Hence, any monetary policy which can alter liquidity is potentially effective on credit …