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Author: Mustafa Göktuğ Kaya
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659244407
Category :
Languages : en
Pages : 60
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Book Description
Monetary policy is called to the policy the government follows to control the monetary supply.Monetary policy in each country is carried out by the central bank of that country.Monetary policy in Turkey is carried out Turkish Republic Central Bank(TCMB).The government also follows whether or not the monetary policy is healthily run through their central banks.The general aim of this study is to introduce the decisions made and methods applied in the scope of monetary policy made the effect on banking sector.Since banking sector has a locomotive attribute in Turkey economy, the effects of monetary policies are also extremely important for running of economy and its future and are strictly followed. For running of economy effectively i.e. chaneling of savings to the investors, finacial agencies have vital importamce.In this frame, fianacial agenceies form an important link between finance system and real economy.Among financial sector, banking sector keeps the most imporatnt place in the process of continuing economic activities.
Author: Mustafa Göktuğ Kaya
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659244407
Category :
Languages : en
Pages : 60
Get Book Here
Book Description
Monetary policy is called to the policy the government follows to control the monetary supply.Monetary policy in each country is carried out by the central bank of that country.Monetary policy in Turkey is carried out Turkish Republic Central Bank(TCMB).The government also follows whether or not the monetary policy is healthily run through their central banks.The general aim of this study is to introduce the decisions made and methods applied in the scope of monetary policy made the effect on banking sector.Since banking sector has a locomotive attribute in Turkey economy, the effects of monetary policies are also extremely important for running of economy and its future and are strictly followed. For running of economy effectively i.e. chaneling of savings to the investors, finacial agencies have vital importamce.In this frame, fianacial agenceies form an important link between finance system and real economy.Among financial sector, banking sector keeps the most imporatnt place in the process of continuing economic activities.
Author: Ms.Petya Koeva Brooks
Publisher: International Monetary Fund
ISBN: 1451868359
Category : Business & Economics
Languages : en
Pages : 13
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Book Description
Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy, this paper examines the loan supply response of Turkey's banks, depending on their balance sheet characteristics. The empirical results indicate that banks can play a role in Turkey's monetary transmission mechanism. Specifically, bank liquidity is found to have a significant effect on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking sector, depending on its liquidity position.
Author: Ms.Deniz Igan
Publisher: International Monetary Fund
ISBN: 1455209333
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
The period following the 2000-01 crisis was marked by a successful disinflation program sustained through inflation targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during this period. Using quarterly bank-level data covering 2002-08, we find evidence that liquidity-constrained banks have sharper decline in lending during contractionary monetary policies and that crowding-out effect disappears more for banks with a retail-banking focus when fiscal policies are prudent.The results are statistically weak, suggesting that bank lending channel is not strong in Turkey and government finances has limited direct impact on credit.
Author: Y. Altunbas
Publisher: Springer
ISBN: 0230582060
Category : Business & Economics
Languages : en
Pages : 237
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Book Description
In light of Turkey's EU bid and the successful IMF-led disinflation program, this book explores the evolution and performance of the Turkish banking sector. Analyzing the repercussions of overall economic structure, financial crises and political instability on its financial sector, it scrutinizes the prospects for the future of banking sectors.
Author: Petya Koeva
Publisher:
ISBN:
Category : Bank liquidity
Languages : en
Pages : 18
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Book Description
Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy, this paper examines the loan supply response of Turkey's banks, depending on their balance sheet characteristics. The empirical results indicate that banks can play a role in Turkey's monetary transmission mechanism. Specifically, bank liquidity is found to have a significant effect on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking sector, depending on its liquidity position.
Author: Ahmet Akinci
Publisher:
ISBN:
Category :
Languages : en
Pages : 50
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Book Description
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 capital. We also find that both capital and GDP growth have plausible positive and significant long-run effects on bank loan growth, whereas inflation, bank size and, in particular, efficiency do not have a significant equilibrium relationship with loan growth. This latter result is despite our finding that the efficiency of all Turkish banks improved over the period. It is also evident that domestic banks are, unexpectedly, found to be more efficient, on average, than foreign banks. We discovered no evidence of significant dynamics or fixed-effects in the growth of loans and so prefer to use the pooled OLS estimator over the fixed-effects and Arellano and Bond estimators. We therefore caution against assuming the existence of fixed-effects and dynamics in such models as this may adversely affect inference.
Author: Cevdet Denizer
Publisher: World Bank Publications
ISBN:
Category : Banks and banking
Languages : en
Pages : 60
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557758750
Category : Business & Economics
Languages : en
Pages : 476
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Book Description
The art of financial programming is a central element in the design of IMF-supported macroeconomic adjustment programs. This volume, edited by Richard Barth and William Hemphill, includes contributions from staff members of the IMF institute and introduces the reader to the concepts and tools of analysis needed to formulate a financial program. The book presents a series of workshops that explain the accounting identities, behavioral relationships, and forecasting techniques that underlie the constuction of a financial program. The workshops use the case of Turkey to illustrate the techniques, and the complete data set for Turkey is included on a diskette (supplied in a back-cover pocket).
Author: Mr.Harun Alp
Publisher: International Monetary Fund
ISBN: 1455270482
Category : Business & Economics
Languages : en
Pages : 75
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Book Description
Turkey is an interesting case study because it was one of the hardest hit emerging economies by the global financial crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the same time, anticipating the fallout from the crisis, the Central Bank of the Republic of Turkey (CBRT) decreased policy rates by an astounding 1025 basis points over the November 2008 to November 2009 period. In this context, this paper addresses the following broad question: If an inflation targeting framework underpinned by a flexible exchange rate regime was not adopted, how much deeper would the recent recession have been? Counterfactual experiments based on an estimated structural model provide quantitative evidence which suggests that the recession would have been substantially more severe. In other words, the interest rate cuts implemented by the CBRT and exchange rate flexibility both helped substantially soften the impact of the global financial crisis.
Author: Bernard M. Hoekman
Publisher: World Bank Publications
ISBN: 0821360841
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
What requirements must Turkey the largest country among the candidate and accession countries meet to join the European Union? What progress has been made toward meeting them? This timely volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the 'Acquis Communautaire', and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: An analysis of the macroeconomic policies for EU accession An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental 'Acquis' The quantification of the impact of EU accession and consideration of the welfare effects of integration While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.
