AN EMPIRICAL ANALYSIS OF MACROECONOMIC AND BANK-SPECIFIC FACTORS AFFECTING LIQUIDITY OF BANKS: THE CASE OF TURKEY

Year 2018, Volume: 7 Issue: 14, 158 - 169, 05.01.2019

Ersan Ersoy , Yüksel Aydın

Abstract

The aim
of this study is to investigate macroeconomic and bank-specific factors
affecting the level of liquidity of banks operating in Turkey for the period of
2005-2015. The empirical findings obtained from the study using panel data
analysis techniques show that there is a positive and statistically significant
association between the level of liquid assets held by banks and bank capital,
asset quality and deposit level. On the other hand, The results also imply that
there is an inverted U-shaped link between bank size and liquidity level. In
terms of macroeconomic factors, economic growth, unemployment and global crisis
variables are found to be negatively correlated with liquidity level. 

Keywords

Liquidity, Factors Affecting Liquidity, Bank Specific Factors, Panel Data Analysis, Turkish Banking Sector

BANKALARIN LİKİDİTESİNİ ETKİLEYEN MAKROEKONOMİK VE BANKAYA ÖZGÜ FAKTÖRLERİN AMPİRİK ANALİZİ: TÜRKİYE ÖRNEĞİ

Abstract

Bu çalışmanın amacı, 2005-2015 döneminde Türkiye’de faaliyette bulunan bankalarının likidite düzeyini
etkileyen makroekonomik ve bankaya özgü faktörlerin araştırılmasıdır. Panel veri analiz tekniklerinin
kullanıldığı çalışmadan elde edilen ampirik bulgular, bankalar tarafından tutulan likit varlıkların düzeyi ile
banka sermayesi, aktif kalitesi ve mevduat düzeyi arasında pozitif yönlü ve istatistiksel olarak anlamlı bir ilişki
olduğunu göstermektedir. Bununla birlikte, banka büyüklüğü ile likidite düzeyi arasında ters-U şeklinde
doğrusal olmayan bir ilişkinin varlığı tespit edilmiştir. Ayrıca makroekonomik faktörlerden ekonomik büyüme,
işsizlik oranı ve küresel kriz değişkenlerinin bankaların likidite düzeyini negatif yönde etkiledikleri tespit
edilmiştir.

Keywords

Likidite, Likiditeyi Etkileyen Faktörler, Bankalara Özgü Faktörler, Panel Veri Analizi, Türk Bankacılık Sektörü

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