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IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY

Yıl 2019, Sayı: 38, 279 - 292, 31.12.2019
https://doi.org/10.35343/kosbed.645777

Öz

Monetary
policy regaining popularity post 2008 period, massively increased the balance
sheets of Turkish Central Bank balance sheet al well by 348 per cent from 2010
until 2019. Disconnect between Turkish macroeconomic growth and the monetary
base, however, increases the question on effectiveness of monetary policy
implemented by the Turkish Central Bank. Main purpose of this research is to
investigate the effectiveness of monetary policy. To this end, we implement an
empirical analysis of the relationship between monetary policy, bank loans and
economic activity.  Findings reveal that
the monetary transmission mechanism through bank lending channel is not
effective in Turkey. Monetary policy shifts change loan supply.
Yet, the production remains unresponsive
to the changes in interest rates, rendering monetary policy ineffective.
Despite increasing loan supply, gross domestic product does not increase
significantly. By the same token, contractionary monetary policy shifts do not
hold the inflation down.

Kaynakça

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Toplam 34 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Makaleler
Yazarlar

Sule Gunduz 0000-0001-5484-5795

Burçak Müge Tunaer Vural 0000-0002-4252-6276

Yayımlanma Tarihi 31 Aralık 2019
Yayımlandığı Sayı Yıl 2019 Sayı: 38

Kaynak Göster

APA Gunduz, S., & Tunaer Vural, B. M. (2019). IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY. Kocaeli Üniversitesi Sosyal Bilimler Dergisi, 2(38), 279-292. https://doi.org/10.35343/kosbed.645777

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