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We find evidence that monetary policy influenced bank lending in Turkey in the period 1991 – 2007 both directly through the money lending channel and indirectly through the bank lending channel. The bank lending channel is shown to depend on two bank characteristics, namely liquidity and...
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This contribution investigates the role of Turkish banks in the monetary transmission mechanism, focusing on bank lending channel, over the time horizon 2002-2016. This study deploys a Bayesian stochastic frontier approach for our estimates. Literature shows that bank specific characteristics...
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