Türkiye’de Banka Kredi Kanalı: 2001-2008 Dönemi

Yıl 2013, Cilt: 12 Sayı: 3, 567 - 587, 01.12.2013

Özer Arabacı Meryem Filiz Baştürk

Öz

Toplulaştırılmış verilerle yapılan çalışmalar banka kredi kanalı ile ilgili bilgi sağlasa da, bu çalışmalardaki ampirik modeller tanımlama problemi içermektedir. Tanımlama problemi ile burada ifade edilen, sıkı para politikası sonucu kredilerde gözlemlenen azalmanın, bankaların kredi arzını kısmasından mı, yoksa kredi talep edenlerin azalmasından mı kaynaklandığının belirlenememesidir. Aslında ilk durum kredi kanalının çalışmasını, ikinci durum ise faiz oranı kanalının çalışmasını ifade eder. Bu çalışmanın amacı banka kredi kanalının işleyişini, IMF ile yapılan son iki stand by anlaşmasının geçerli olduğu 2001:052008:05 dönemi içerisinde incelemektedir. Çalışmada Yapısal VAR modelinden elde edilen bulgulara göre, incelenen dönem zarfında, banka kredi kanalının Türkiye ekonomisi için çalıştığı sonucuna ulaşılmıştır

Anahtar Kelimeler

Tanımlama Problemi, Yapısal VAR, Para Politikası, Kredi Talebi, Kredi Arzı,

Bank Lending Channel In Turkey: 2001-2008 Period

Öz

Although yet the studies done with the aggregated data provides information related with
bank credit channel, the empirical models within this studies involve a definition problem.
The definition problem mentioned here refers to the nondisclosure whether these studies
arise from the decrease observed within the credits as a result of tight monetary policy is
thence the loan supplies retrench of the banks or the decrease in the loan demands.
Indeed, the first case indicates the credit channel operation, and the second case states the interest rate channel operation. The aim of this study is to analyze the operation of
the bank loan channel within the 2001:05-2008:05 term during when the last two stand
by agreements done with the IMF was valid. In accordance with the findings acquired
from the structural VAR model in the study, it is found that the bank loan channel worked
for the Turkish economy during the inspected term.

Anahtar Kelimeler

Definition problem, Structural VAR, Monetary policy, Loan demand, Loan supply

Kaynakça

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