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Year 2020, Volume: 4 Issue: 1, 46 - 63, 13.04.2020

Abstract

References

  • Adrian, T., & Shin, H. S. (2010). The Changing Nature of Financial Intermediation and the Financial Crisis of 2007-2009 (Federal Reserve Bank of New York Staff Reports, Issue 439).
  • Akgüç, Ö. (2006). Kredi Taleplerinin Değerlendirilmesi. Avcıol Basım Yayım.
  • Alper, K, Atasoy, H., Karaşahin, R., & Mutluer-Kurul, D. (2011). Arzın Merkezine Seyahat: Bankacılarla Yapılan Görüşmelerden Elde Edilen Bilgilerle Türk Bankacılık Sektörünün Davranışı (TCMB Çalışma Tebliği, cilt 11, sayı 24).
  • Alper, Koray, Binici, M., Demiralp, S., Kara, H., & Ozlu, P. (2016). Reserve Requirements, Liquidity Risk, and Bank Lending Behavior (No. 1612; ERF Working Papers).
  • Alper, Koray, Hulagu, T., & Keles, G. (2012). An Empirical Study on Liquidity and Bank Lending. In TCMB Working Papers (12/04).
  • Altunbas, Y., Gambacorta, L., & Marques-Ibanez, D. (2012). Do Bank Characteristics Influence the Effect of Monetary Policy on Bank Risk. Economics Letters, 117(1), 220–222.
  • Apergis, N., & Christou, C. (2015). The Behavior of the Bank Lending Channel When Interest Rates Approach the Zero Lower Bound: Evidence from Quantile Regressions. Economic Modelling, 49, 296–307.
  • Bajaras, A., Chami, R., Casimano, T., & Hakura, D. (2010). U.S. Bank Behaviour in the Wake of the 2007-2009 Financial Crisis (IMF Working Papers, Vol. 10, Issue 131).
  • Berger, A. N., Bouwman, C. H. S., Kick, T., & Schaeck, K. (2011). Bank Risk Taking and Liquidity Creation following Regulatory Interventions and Support. SSRN Electronic Journal.
  • Berger, A. N., & Udell, G. F. (2003). The Institutional Memory Hypothesis and Procyclicality of Bank Lending Behavior (BIS Working Papers, Issue 125).
  • Berrospide, J. M., & Edge, R. M. (2010). The Effects of Bank Capital on Lending: What Do We Know, and What Does It Mean? International Journal of Central Banking, 6(4), 5–54.
  • Bertay, A. C., Demirguc-Kunt, A., & Huizinga, H. (2015). Bank Ownership and Credit over the Business Cycle: Is Lending by State Banks Less Procyclical? Journal of Banking and Finance, 50, 326–339.
  • Boyd, J. H., & De Nicol´o, G. (2005). The Theory of Bank Risk Taking and Competition Revisited. Journal of Finance, 60, 1329–1343.
  • Brei, M., & Schclarek, A. (2013). Public Bank Lending in Times of Crisis. Journal of Financial Stability, 9(4), 820–830.
  • Brooks, P. K. (2007). The Bank Lending Channel of Monetary Transmission: Does It Work in Turkey? (IMF Working Papers, Vol. 07, Issue 272).
  • Buch, C. M., Eickmeier, S., & Prieto, E. (2014). Macroeconomic Factors and Microlevel Bank Behavior. Journal of Money, Credit and Banking, 46(4), 715–751.
  • Choi, M. J., Gutierrez, E., & Peria, M. S. M. (2013). Dissecting Foreign Bank Lending Behavior During the 2008-2009 Crisis (The World Bank Policy Research Working Papers, Vol. 1, Issue 6674).
  • Coleman, N., & Feler, L. (2015). Bank Ownership, Lending, and Local Economic Performance During the 2008-2009 Financial Crisis. Journal of Monetary Economics, 71(C), 50–66.
  • Cucinelli, D. (2015). The Impact of Non-Performing Loans on Bank Lending Behavior: Evidence from the Italian Banking Sector. Eurasian Journal of Business and Economics, 8(16), 59–71.
  • Cull, R., & Martinez Peria, M. S. (2013). Bank Ownership and Lending Patterns during the 2008-2009 Financial Crisis: Evidence from Latin America and Eastern Europe. Journal of Banking and Finance, 37(12), 4861–4878.
  • Davutyan, N., & Yildirim, C. (2017). Efficiency in Turkish Banking: Post-Restructuring Evidence. European Journal of Finance, 23(2), 170–191.
  • Delis, M. D., & Brissimis, S. N. (2010). Bank Heterogeneity and Monetary Policy Transmission (ECB Working Papers, Issue 1233).
  • Delis, M. D., Hasan, I., & Mylonidis, N. (2011). The Risk-Taking Channel of Monetary Policy in the USA: Evidence from Micro-Level Data (MPRA Working Papers, Issue 34084).
  • Dell’Ariccia, G., Detragiache, E., & Rajan, R. (2008). The Real Effects of Banking Crises. Journal of Financial Intermediation, 17(1), 89–112.
  • Dell’Ariccia, G., Laeven, L., & Marquez, R. (2010). Monetary Policy, Leverage and Bank Risk Taking (IMF Working Papers, Vol. 10, Issue 276).
  • Demirgüç-Kunt, A., Detragiache, E., & Gupta, P. (2006). Inside the Crisis: An Empirical Analysis of Banking Systems in Distress. Journal of International Money and Finance, 25, 702–718.
  • Eroğlu, N. (2011). Türkiye’de Parasal Kesim ve Merkez Bankası İşlemlerinin Analizi. Der Yayınları.
  • Freixas, X., & Rochet, J. C. (2008). Microeconomics of Banking. The MIT Press.
  • Gaggl, P., & Valderrama, M. (2010). Does a Low Interest Rate Environment Affect Risk Taking in Austria? Monetary Policy and the Economy, 10(4), 32–48.
  • Gambacorta, L. (2009). Monetary Policy and the Risk-Taking Channel: Vol. December (BIS Quarterly Review).
  • Gambacorta, L, & Mistrulli, P. E. (2004). Does Bank Capital Affect Lending Behavior? Journal of Financial Intermediation, 13(4), 436–457.
  • Gambacorta, L.. (2005). Inside the Bank Lending Channel. European Economic Review, 49(7), 1737–1759.
  • Gambacorta, L., Marques-Ibanez, D., Spaventa, L., & Haliassos, M. (2011). The Bank Lending Channel: Lessons from the Crisis. Economic Policy, 26(66), 135–182.
  • Gerˇsl, A., Jakubik, P., Kowalczyk, D., Ongena, S., & Peydro, J. L. (2015). Monetary Conditions and Banks’ Behaviour in the Czech Republic. Open Economies Review, 26(3), 407–445.
  • Gropp, R., Gruendl, C., & Guettler, A. (2014). The Impact of Public Guarantees on Bank Risk Taking: Evidence from a Natural Experiment. Review of Finance, 18(2), 457–488.
  • Ha, J., & So, I. (2013). Influence of the Banks’ Money Mediation Behavior on the Monetary Policy: A Study of Korean Case. Global Economic Review, 42(4), 396–424.
  • HDR, S. M., & Hanène, K. (2014). The Effects of Regulation, Competition and Ownership Structure on the Behaviour of Bank Risk-Taking in Emerging Countries. International Journal of Economics and Empirical Research, 2(3), 116–128.
  • Ivashina, V., & Scharfstein, D. (2010). Bank Lending During the Financial Crisis of 2008. Journal of Financial Economics, 97(3), 319–338.
  • Jimenez, G., Ongena, S., Peydro, J. L., & Saurina, J. (2009). Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk? (CEPR Discussion Papers, Number 6514).
  • Kashyap, A. K., & Stein, J. C. (1995). The Impact of Monetary Policy on Bank Balance Sheets (Carnegie Rochester Conference Series on Public Policy, Number 42).
  • Kindleberger, C. P., & Aliber, R. Z. (2011). Manias, Panics and Crashes: A History of Financial Crisis. Palgrave Macmillan.
  • Kishan, R. P., & Opiela, T. P. (2000). Bank Size , Bank Capital , and the Bank Lending Channel. Journal of Money, Credit and Banking, 32(1), 121–141.
  • Kök, D., & Ay, O. E. (2013). 2008 Küresel Finansal Krizinin Türk Bankacılık Sektörü Etkinlik Düzeylerine Yansıması Üzerine Bir Araştırma. Uluslararası İktisadi İdari İncelemeler Dergisi, 10, 155–170.
  • Košak, M., Li, S., Lončarski, I., & Marinč, M. (2015). Quality of Bank Capital and Bank Lending Behavior during the Global Financial Crisis. International Review of Financial Analysis, 37, 168–183.
  • La Porta, R., Lopez-de-Silanes, F., & Schleifer, A. (2002). Government Ownership of Banks. Journal of Finance, 57(1), 265–301.
  • Maddaloni, A., & Peydró, J. L. (2011). Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates: Evidence from the Euro-area and the U.S. Lending Standards. Review of Financial Studies, 24(6), 2121–2165.
  • Marois, T, & Güngen, A. R. (2014). Türkiye’nin Devlet Bankalarını Geri Kazanmak. İktisat Dergisi, 527, 54– 70.
  • Marois, Thomas, & Güngen, A. R. (2016). Credibility and Class in the Evolution of Public Banks: The Case of Turkey. Journal of Peasant Studies, 43(6), 1285–1309.
  • Merilainen, J. M. (2016). Lending Growth During the Financial Crisis and the Sovereign Debt Crisis: The Role of Bank Ownership Type. Journal of International Financial Markets, Institutions & Money, 41, 168–182.
  • Mihaljek, D. (2010). Domestic Bank Intermediation in Emerging Market Economies During the Crisis: Locally Owned Versus Foreign-Owned Banks (BIS Papers Chapters, in: Bank for International Settlements, The Global Crisis and Financial Intermediation in Emerging Market Economies, Vol. 54).
  • Orhangazi, Ö. (2008). Financialization and the US Economy. Edward Elgar.
  • Özatay, F. (2014). Finansal Krizler ve Türkiye. Doğan Kitap.
  • Parasız, İ. (2014). Modern Bankacılık: Teori ve Uygulama. Ezgi Kitabevi.
  • Sanya, O. S., & Mlachila, M. (2010). Post Crisis Bank Behavior: Lessons from Mercosur (IMF Working Papers, Vol. 10, Issue 1).
  • Terzi, N. (2017). Küresel Finansta Güncel Konular. Beta Basım Yayım.
  • Yay, G. G. (2015). Para ve Finans Teori-Politika. İstanbul Bilgi Üniversitesi Yayınları.
  • Yeyati, E. L., Micco, A., & Panizza, U. (2007). A Reappraisal of State-Owned Banks. Economia, 7(2), 209–47.
  • Zhang, L. (2009). Bank capital regulation, the lending channel and business cycles (No. 33; Discussion Paper Series 1: Economic Studies).

KÜRESEL FİNANSAL KRİZİN ÖZEL VE KAMU SERMAYELİ BANKA DAVRANIŞLARINA ETKİSİ: KAPSAMLI BİR YAZIN TARAMASI VE TÜRKİYE BANKACILIK SEKTÖRÜ ÖRNEĞİ

Year 2020, Volume: 4 Issue: 1, 46 - 63, 13.04.2020

Abstract

Bu çalışmanın amacı bankaların kredi verme, likidite ve risk alma ile ilgili davranışlarına etki eden unsurlarla ilgili literatür bulgularını ortaya koymak ve Türkiye bankacılık sektörünün 2005-2018 dönemi verileri ışığında, kamu ve özel sermayeli bankaların bu üç alandaki davranışlarında 2007- 2008 döneminde yaşanan Küresel Finansal Kriz sonrasında gözlemlenen değişiklikleri incelemektir. Kuruluş amaçları dikkate alındığında, ekonomik aktivitenin yavaşladığı ve özellikle finansal sistemin
krizde olduğu dönemlerde, kamu bankalarının özel bankalara kıyasla, likidite pozisyonlarını göreceli olarak azaltmak suretiyle, daha fazla kredi vermeye çalışmaları ve risk almaları beklenir. İlgili akademik çalışmalar göstermektedir ki finansal krizler sonrası oluşan ekonomik şartlara kamu bankaları, özel bankalara kıyasla farklı tepkiler göstermektedirler. Türkiye bankacılık sektörünün 2005-2018 dönemi verileri incelendiğinde, literatürdeki bulgulara paralel olarak, Türkiye’deki kamu ve özel bankalar
arasında davranış farklılıkları olduğu ve bu farklılıkların yapısında kriz sonrası dönemde önemli değişiklikler yaşandığı bulunmuştur.

References

  • Adrian, T., & Shin, H. S. (2010). The Changing Nature of Financial Intermediation and the Financial Crisis of 2007-2009 (Federal Reserve Bank of New York Staff Reports, Issue 439).
  • Akgüç, Ö. (2006). Kredi Taleplerinin Değerlendirilmesi. Avcıol Basım Yayım.
  • Alper, K, Atasoy, H., Karaşahin, R., & Mutluer-Kurul, D. (2011). Arzın Merkezine Seyahat: Bankacılarla Yapılan Görüşmelerden Elde Edilen Bilgilerle Türk Bankacılık Sektörünün Davranışı (TCMB Çalışma Tebliği, cilt 11, sayı 24).
  • Alper, Koray, Binici, M., Demiralp, S., Kara, H., & Ozlu, P. (2016). Reserve Requirements, Liquidity Risk, and Bank Lending Behavior (No. 1612; ERF Working Papers).
  • Alper, Koray, Hulagu, T., & Keles, G. (2012). An Empirical Study on Liquidity and Bank Lending. In TCMB Working Papers (12/04).
  • Altunbas, Y., Gambacorta, L., & Marques-Ibanez, D. (2012). Do Bank Characteristics Influence the Effect of Monetary Policy on Bank Risk. Economics Letters, 117(1), 220–222.
  • Apergis, N., & Christou, C. (2015). The Behavior of the Bank Lending Channel When Interest Rates Approach the Zero Lower Bound: Evidence from Quantile Regressions. Economic Modelling, 49, 296–307.
  • Bajaras, A., Chami, R., Casimano, T., & Hakura, D. (2010). U.S. Bank Behaviour in the Wake of the 2007-2009 Financial Crisis (IMF Working Papers, Vol. 10, Issue 131).
  • Berger, A. N., Bouwman, C. H. S., Kick, T., & Schaeck, K. (2011). Bank Risk Taking and Liquidity Creation following Regulatory Interventions and Support. SSRN Electronic Journal.
  • Berger, A. N., & Udell, G. F. (2003). The Institutional Memory Hypothesis and Procyclicality of Bank Lending Behavior (BIS Working Papers, Issue 125).
  • Berrospide, J. M., & Edge, R. M. (2010). The Effects of Bank Capital on Lending: What Do We Know, and What Does It Mean? International Journal of Central Banking, 6(4), 5–54.
  • Bertay, A. C., Demirguc-Kunt, A., & Huizinga, H. (2015). Bank Ownership and Credit over the Business Cycle: Is Lending by State Banks Less Procyclical? Journal of Banking and Finance, 50, 326–339.
  • Boyd, J. H., & De Nicol´o, G. (2005). The Theory of Bank Risk Taking and Competition Revisited. Journal of Finance, 60, 1329–1343.
  • Brei, M., & Schclarek, A. (2013). Public Bank Lending in Times of Crisis. Journal of Financial Stability, 9(4), 820–830.
  • Brooks, P. K. (2007). The Bank Lending Channel of Monetary Transmission: Does It Work in Turkey? (IMF Working Papers, Vol. 07, Issue 272).
  • Buch, C. M., Eickmeier, S., & Prieto, E. (2014). Macroeconomic Factors and Microlevel Bank Behavior. Journal of Money, Credit and Banking, 46(4), 715–751.
  • Choi, M. J., Gutierrez, E., & Peria, M. S. M. (2013). Dissecting Foreign Bank Lending Behavior During the 2008-2009 Crisis (The World Bank Policy Research Working Papers, Vol. 1, Issue 6674).
  • Coleman, N., & Feler, L. (2015). Bank Ownership, Lending, and Local Economic Performance During the 2008-2009 Financial Crisis. Journal of Monetary Economics, 71(C), 50–66.
  • Cucinelli, D. (2015). The Impact of Non-Performing Loans on Bank Lending Behavior: Evidence from the Italian Banking Sector. Eurasian Journal of Business and Economics, 8(16), 59–71.
  • Cull, R., & Martinez Peria, M. S. (2013). Bank Ownership and Lending Patterns during the 2008-2009 Financial Crisis: Evidence from Latin America and Eastern Europe. Journal of Banking and Finance, 37(12), 4861–4878.
  • Davutyan, N., & Yildirim, C. (2017). Efficiency in Turkish Banking: Post-Restructuring Evidence. European Journal of Finance, 23(2), 170–191.
  • Delis, M. D., & Brissimis, S. N. (2010). Bank Heterogeneity and Monetary Policy Transmission (ECB Working Papers, Issue 1233).
  • Delis, M. D., Hasan, I., & Mylonidis, N. (2011). The Risk-Taking Channel of Monetary Policy in the USA: Evidence from Micro-Level Data (MPRA Working Papers, Issue 34084).
  • Dell’Ariccia, G., Detragiache, E., & Rajan, R. (2008). The Real Effects of Banking Crises. Journal of Financial Intermediation, 17(1), 89–112.
  • Dell’Ariccia, G., Laeven, L., & Marquez, R. (2010). Monetary Policy, Leverage and Bank Risk Taking (IMF Working Papers, Vol. 10, Issue 276).
  • Demirgüç-Kunt, A., Detragiache, E., & Gupta, P. (2006). Inside the Crisis: An Empirical Analysis of Banking Systems in Distress. Journal of International Money and Finance, 25, 702–718.
  • Eroğlu, N. (2011). Türkiye’de Parasal Kesim ve Merkez Bankası İşlemlerinin Analizi. Der Yayınları.
  • Freixas, X., & Rochet, J. C. (2008). Microeconomics of Banking. The MIT Press.
  • Gaggl, P., & Valderrama, M. (2010). Does a Low Interest Rate Environment Affect Risk Taking in Austria? Monetary Policy and the Economy, 10(4), 32–48.
  • Gambacorta, L. (2009). Monetary Policy and the Risk-Taking Channel: Vol. December (BIS Quarterly Review).
  • Gambacorta, L, & Mistrulli, P. E. (2004). Does Bank Capital Affect Lending Behavior? Journal of Financial Intermediation, 13(4), 436–457.
  • Gambacorta, L.. (2005). Inside the Bank Lending Channel. European Economic Review, 49(7), 1737–1759.
  • Gambacorta, L., Marques-Ibanez, D., Spaventa, L., & Haliassos, M. (2011). The Bank Lending Channel: Lessons from the Crisis. Economic Policy, 26(66), 135–182.
  • Gerˇsl, A., Jakubik, P., Kowalczyk, D., Ongena, S., & Peydro, J. L. (2015). Monetary Conditions and Banks’ Behaviour in the Czech Republic. Open Economies Review, 26(3), 407–445.
  • Gropp, R., Gruendl, C., & Guettler, A. (2014). The Impact of Public Guarantees on Bank Risk Taking: Evidence from a Natural Experiment. Review of Finance, 18(2), 457–488.
  • Ha, J., & So, I. (2013). Influence of the Banks’ Money Mediation Behavior on the Monetary Policy: A Study of Korean Case. Global Economic Review, 42(4), 396–424.
  • HDR, S. M., & Hanène, K. (2014). The Effects of Regulation, Competition and Ownership Structure on the Behaviour of Bank Risk-Taking in Emerging Countries. International Journal of Economics and Empirical Research, 2(3), 116–128.
  • Ivashina, V., & Scharfstein, D. (2010). Bank Lending During the Financial Crisis of 2008. Journal of Financial Economics, 97(3), 319–338.
  • Jimenez, G., Ongena, S., Peydro, J. L., & Saurina, J. (2009). Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk? (CEPR Discussion Papers, Number 6514).
  • Kashyap, A. K., & Stein, J. C. (1995). The Impact of Monetary Policy on Bank Balance Sheets (Carnegie Rochester Conference Series on Public Policy, Number 42).
  • Kindleberger, C. P., & Aliber, R. Z. (2011). Manias, Panics and Crashes: A History of Financial Crisis. Palgrave Macmillan.
  • Kishan, R. P., & Opiela, T. P. (2000). Bank Size , Bank Capital , and the Bank Lending Channel. Journal of Money, Credit and Banking, 32(1), 121–141.
  • Kök, D., & Ay, O. E. (2013). 2008 Küresel Finansal Krizinin Türk Bankacılık Sektörü Etkinlik Düzeylerine Yansıması Üzerine Bir Araştırma. Uluslararası İktisadi İdari İncelemeler Dergisi, 10, 155–170.
  • Košak, M., Li, S., Lončarski, I., & Marinč, M. (2015). Quality of Bank Capital and Bank Lending Behavior during the Global Financial Crisis. International Review of Financial Analysis, 37, 168–183.
  • La Porta, R., Lopez-de-Silanes, F., & Schleifer, A. (2002). Government Ownership of Banks. Journal of Finance, 57(1), 265–301.
  • Maddaloni, A., & Peydró, J. L. (2011). Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates: Evidence from the Euro-area and the U.S. Lending Standards. Review of Financial Studies, 24(6), 2121–2165.
  • Marois, T, & Güngen, A. R. (2014). Türkiye’nin Devlet Bankalarını Geri Kazanmak. İktisat Dergisi, 527, 54– 70.
  • Marois, Thomas, & Güngen, A. R. (2016). Credibility and Class in the Evolution of Public Banks: The Case of Turkey. Journal of Peasant Studies, 43(6), 1285–1309.
  • Merilainen, J. M. (2016). Lending Growth During the Financial Crisis and the Sovereign Debt Crisis: The Role of Bank Ownership Type. Journal of International Financial Markets, Institutions & Money, 41, 168–182.
  • Mihaljek, D. (2010). Domestic Bank Intermediation in Emerging Market Economies During the Crisis: Locally Owned Versus Foreign-Owned Banks (BIS Papers Chapters, in: Bank for International Settlements, The Global Crisis and Financial Intermediation in Emerging Market Economies, Vol. 54).
  • Orhangazi, Ö. (2008). Financialization and the US Economy. Edward Elgar.
  • Özatay, F. (2014). Finansal Krizler ve Türkiye. Doğan Kitap.
  • Parasız, İ. (2014). Modern Bankacılık: Teori ve Uygulama. Ezgi Kitabevi.
  • Sanya, O. S., & Mlachila, M. (2010). Post Crisis Bank Behavior: Lessons from Mercosur (IMF Working Papers, Vol. 10, Issue 1).
  • Terzi, N. (2017). Küresel Finansta Güncel Konular. Beta Basım Yayım.
  • Yay, G. G. (2015). Para ve Finans Teori-Politika. İstanbul Bilgi Üniversitesi Yayınları.
  • Yeyati, E. L., Micco, A., & Panizza, U. (2007). A Reappraisal of State-Owned Banks. Economia, 7(2), 209–47.
  • Zhang, L. (2009). Bank capital regulation, the lending channel and business cycles (No. 33; Discussion Paper Series 1: Economic Studies).
There are 58 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section Makaleler
Authors

Arhan Sabri Ertan 0000-0001-9730-8391

Fatih Kayhan This is me 0000-0001-7844-8663

Publication Date April 13, 2020
Published in Issue Year 2020 Volume: 4 Issue: 1

Cite

APA Ertan, A. S., & Kayhan, F. (2020). KÜRESEL FİNANSAL KRİZİN ÖZEL VE KAMU SERMAYELİ BANKA DAVRANIŞLARINA ETKİSİ: KAPSAMLI BİR YAZIN TARAMASI VE TÜRKİYE BANKACILIK SEKTÖRÜ ÖRNEĞİ. Journal of Research in Economics, 4(1), 46-63.