IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY

Sule Gunduz; Burçak Müge Tunaer Vural

doi:10.35343/kosbed.645777

IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY

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.

Anahtar Kelimeler

Monetary transmission mechanism,Bank-lending channel,Impulse Response

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yazarlar

Sule Gunduz ^*
0000-0001-5484-5795
Türkiye

Burçak Müge Tunaer Vural
0000-0002-4252-6276
Türkiye

Yayımlanma Tarihi

31 Aralık 2019

Gönderilme Tarihi

12 Kasım 2019

Kabul Tarihi

18 Aralık 2019

Yayımlandığı Sayı

Yıl 2019 Cilt: 2 Sayı: 38

DOI

https://doi.org/10.35343/kosbed.645777

IZ

https://izlik.org/JA58BX67WZ

Kaynak Göster

RIS / Bibtex

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

AMA

1.Gunduz S, Tunaer Vural BM. IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY. KOSBED. 2019;2(38):279-292. doi:10.35343/kosbed.645777

Chicago

Gunduz, Sule, ve Burçak Müge Tunaer Vural. 2019. “IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY”. Kocaeli Üniversitesi Sosyal Bilimler Dergisi 2 (38): 279-92. https://doi.org/10.35343/kosbed.645777.

EndNote

Gunduz S, Tunaer Vural BM (01 Aralık 2019) IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY. Kocaeli Üniversitesi Sosyal Bilimler Dergisi 2 38 279–292.

IEEE

[1]S. Gunduz ve B. M. Tunaer Vural, “IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY”, KOSBED, c. 2, sy 38, ss. 279–292, Ara. 2019, doi: 10.35343/kosbed.645777.

ISNAD

Gunduz, Sule - Tunaer Vural, Burçak Müge. “IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY”. Kocaeli Üniversitesi Sosyal Bilimler Dergisi 2/38 (01 Aralık 2019): 279-292. https://doi.org/10.35343/kosbed.645777.

JAMA

1.Gunduz S, Tunaer Vural BM. IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY. KOSBED. 2019;2:279–292.

MLA

Gunduz, Sule, ve Burçak Müge Tunaer Vural. “IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY”. Kocaeli Üniversitesi Sosyal Bilimler Dergisi, c. 2, sy 38, Aralık 2019, ss. 279-92, doi:10.35343/kosbed.645777.

Vancouver

1.Sule Gunduz, Burçak Müge Tunaer Vural. IMPACT OF CREDIT EXPANSION ON ECONOMIC ACTIVITY IN TURKISH ECONOMY. KOSBED. 01 Aralık 2019;2(38):279-92. doi:10.35343/kosbed.645777