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Türkiye'de Banka Kredi Kanalının İşleyişi: Ampirik Bir Analiz

Processing of Bank Lending Channel in Turkey: An Empirical Analysis

Journal Name:

  • Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Publication Year:

  • 2011

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
In this study, processing of bank lending channel in Turkey was tested with the help of vector auto regression (VAR) method by using 1990:01-2008:11 period monthly data. Processing of bank lending channel was investigated on the basis of two different monetary policy variables. According to the empirical findings of the study, on the contrary overnight interest rate, money supply was found to be a more effective monetary policy variable. In case of controling money supply, Central Bank can operate effectively bank credit channels and therefore the amount of output and inflation is going to be directed more easily. In this context it can be said that the processing of the bank lending channel is effective in Turkey
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Abstract (Original Language): 
Bu çalışmada, Türkiye'de banka kredi kanalının işleyişi, vektör otoregresif (vector autoregression: VAR) yöntemi yardımıyla, 1990:01-2008:11 dönemi aylık verileri kullanılarak test edilmiştir. Banka kredi kanalının etkinliği farklı iki para politikası değişkeni temel alınarak araştırılmıştır. Çalışmanın ampirik bulgularına göre, para arzı, gecelik faize göre, daha etkin bir para politikası değişkeni olduğu tespit edilmiştir. Merkez Bankası, para arzını kontrol etmesi durumunda, banka kredi kanalını etkin bir şekilde işletebilir ve dolayısıyla çıktı miktarı ve enflasyonu daha koloy yönlendirebilir. Bu bağlamda, Türkiye'de banka kredi kanalının işleyişinin etkin olduğu söylenebilir.
FULL TEXT (PDF): 
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  • Turkish

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REFERENCES

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