Bank Lending in Turkey : Effects of Monetary and Fiscal Policies /

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 2...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Aydin, Burcu
Awduron Eraill: Igan, Deniz
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2010.
Cyfres:IMF Working Papers; Working Paper ; No. 2010/233
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781455209330 
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100 1 |a Aydin, Burcu. 
245 1 0 |a Bank Lending in Turkey :   |b Effects of Monetary and Fiscal Policies /  |c Burcu Aydin, Deniz Igan. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Igan, Deniz. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/233 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/233/001.2010.issue-233-en.xml  |z IMF e-Library