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Küresel Finansal Krizin Devlet Bankaları ve Özel Sermayeli Bankaların Likidite Davranışının Değişimine Etkisi: Türk Mevduat Bankacılığı Örneği

Yıl 2019, Sayı: 111, 403 - 434, 30.04.2019
https://doi.org/10.33203/mfy.494491

Öz

Bu
çalışmanın amacı, 2008 küresel finansal krizinin Türkiye’de kamu ve özel
sermayeli bankaların likidite davranışı farkını önemli oranda değiştirip
değiştirmediğini tespit etmektir. Analizde kullanılan örneklem 2005-2015 arası çeyrek
dönem verileri temelinde Türkiye’de faaliyet gösteren kamu ve özel sermayeli
mevduat bankalarını kapsamaktadır. Ampirik bulgular göstermektedir ki;
Türkiye’de, özel sermayeli muadillerinin aksine, kamu mevduat bankaları, kriz
sonrasında krizin ülke ekonomisindeki olumsuz etkisini sınırlama güdüsü ile
hareket ederek aktiflerine oranla daha fazla kredi plase etmişler ve likidite
oranlarını göreceli olarak azaltmışlardır.

Kaynakça

  • Adams-Kane, J., Caballero, J., & Lim J. (2014), Foreign Bank Behavior during Financial Crises, IDB Working Paper Series, No. IDB-WP-512.
  • Akgüç, Ö. (2006), Kredi Taleplerinin Değerlendirilmesi. İstanbul: Arayış.
  • 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, No: 11/24.
  • Alper, K., Hulagu T., & Keleş G. (2012), An Empirical Study on Liquidity and Bank Lending, TCMB Working Paper, No: 12/04.
  • Alper, K., Binici, M., Demiralp, S., Kara, H., & Özlü, P. (2016), Reserve Requirements, Liquidity Risk, and Bank Lending Behavior, Koç University-TUSIAD Economic Research Forum Working Paper, No: 1612.
  • Angrist, J. D. & Pischke, J. S. (2008), Mostly Harmless Econometrics, An Empiricist's Companion, Princeton University, Princeton.
  • Angrist, J.D., & Pischke, J. S. (2015), Mastering Metrics The Path from Cause to Effect, Princeton University, Princeton.
  • Aysan, A.F., Disli, M., Duygun, M., & Ozturk, H. (2017), Islamic Banks, Deposit Insurance Reform, and Market Discipline: Evidence from a Natural Framework, Journal of Financial Services Research, 51(2), 257-282.
  • Bakır, C. (2009), Wobbling but Still on its Feet: The Turkish Economy in the Global Financial Crisis, South European Society and Politics, 14(1), 71–85.
  • Berger, A. N., Bouwman, C. H. S., Kick, T., & Schaeck, K. (2011), Bank risk taking and liquidity creation following regulatory interventions and capital support, Discussion Paper 2011-088, Tilburg University, Center for Economic Research.
  • 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, No: 07/272.
  • Coleman, N. & Feler, L. (2015), Bank ownership, lending, and local economic performance during the 2008-2009 financial crisis, Journal of Monetary Economics, 71, 50-66.
  • Cull, R. & Peria M. S. M. (2013), Bank ownership and lending patterns during the 2008-2009 financial crisis: Evidence from Latin America and Eastern Europe, Journal of Banking & Finance, 37(12), 4861-4878.
  • Dell’Ariccia, G., Detragiache, E., & Rajan, R. (2008), The Real Effects of Banking Crises, Journal of Financial Intermediation, 17(1), 89-112.
  • Demirgüç-Kunt A., Detragiache, E., ve Gupta, P. (2006), Inside the crisis: An empirical analysis of banking systems in distress, Journal of International Money and Finance, 25(5), 702-718.
  • Driscoll, J. C. & Kraay, A. C. (1998), Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data, Review of Economics and Statistics, 80(4), 549-560.
  • European Central Bank (2011), The Supply of Money-Bank Behaviour and the Implications for Monetary Analysis, Monthly Bulletin, October, 63-79.
  • Erdem, E. (2012), Para Banka ve Finansal Sistem, Detay Yayıncılık, Ankara.
  • Eğilmez, M. & Kumcu, E. (2007), Ekonomi Politikası, Remzi Kitabevi, İstanbul.
  • Freixas, X., & Rochet, J. C. (2008), Microeconomics of Banking, The MIT Press, Cambridge.
  • 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.
  • Kashyap, A.K. & Stein, J. C. (1995), The Impact of Monetary Policy on Bank Balance Sheets, Carnegie Rochester Conference Series on Public Policy, No: 42, 151-195.
  • Kaya, F. (2012), Bankacılık Giriş ve İlkeleri, Beta Yayınları, İstanbul.
  • Kepenek, Y. (2012), Türkiye Ekonomisi, Remzi Kitabevi, İstanbul.
  • Kök, D. & Ay, O. E. (2013), 2008 Küresel Finansal Krizinin Türk Bankacılık Sektörü Etkinlik Düzeylerine Yansıması Üzerine Bir Araştırma: 2007-2009, Uluslararası İktisadi ve İdari İncelemeler Dergisi, 10, 155-170.
  • Marois, T., & Güngen, A. R. (2016), Credibility and class in the evolution of public banks: the case of Turkey, The Journal of Peasant Studies, 43(6), 1285-1309.
  • Meriläinen, 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 and 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, 54, 31-48.
  • Sanya, S. & Mlachila, M. (2010), Post-Crisis Bank Behavior: Lessons from Mercosur, IMF Working Paper No: 10/1.
  • Terzi, N. (2017), Küresel Finansta Güncel Konular, Beta Yayıncılık, İstanbul.
  • Yildirim, C. (2015), Liberalization, Post-Crisis Restructuring and Internationalization in Turkish Banking, Turkish Studies, 16(2), 253-279.
  • Yüksel, A.S., Yüksel A., & Yüksel Ü. (2004), Bankacılık Hukuku ve İşletmesi, Beta Yayıncılık, İstanbul.

The Effect of Global Financial Crisis on the Change in Differences Between State Banks and Private Banks’ Liquidity Behavior: The Case of Turkish Deposit Banking

Yıl 2019, Sayı: 111, 403 - 434, 30.04.2019
https://doi.org/10.33203/mfy.494491

Öz

The aim of this paper is to analyze
whether the 2008 global financial crisis significantly changed the differences
between public and private deposit banks’ liquidity behavior in Turkey. The
sample of this study covers public and private deposit banks which are operational
in Turkey from 2005 to 2015 on the basis of quarterly released bank data. Empirical
findings indicate that, contrary to the privately owned rivals, state-run
deposit banks lowered their liquid assets in their balance sheets more than
their private rivals and in return, they lent more for the purpose of
eliminating the negative influences of crisis in Turkey.

Kaynakça

  • Adams-Kane, J., Caballero, J., & Lim J. (2014), Foreign Bank Behavior during Financial Crises, IDB Working Paper Series, No. IDB-WP-512.
  • Akgüç, Ö. (2006), Kredi Taleplerinin Değerlendirilmesi. İstanbul: Arayış.
  • 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, No: 11/24.
  • Alper, K., Hulagu T., & Keleş G. (2012), An Empirical Study on Liquidity and Bank Lending, TCMB Working Paper, No: 12/04.
  • Alper, K., Binici, M., Demiralp, S., Kara, H., & Özlü, P. (2016), Reserve Requirements, Liquidity Risk, and Bank Lending Behavior, Koç University-TUSIAD Economic Research Forum Working Paper, No: 1612.
  • Angrist, J. D. & Pischke, J. S. (2008), Mostly Harmless Econometrics, An Empiricist's Companion, Princeton University, Princeton.
  • Angrist, J.D., & Pischke, J. S. (2015), Mastering Metrics The Path from Cause to Effect, Princeton University, Princeton.
  • Aysan, A.F., Disli, M., Duygun, M., & Ozturk, H. (2017), Islamic Banks, Deposit Insurance Reform, and Market Discipline: Evidence from a Natural Framework, Journal of Financial Services Research, 51(2), 257-282.
  • Bakır, C. (2009), Wobbling but Still on its Feet: The Turkish Economy in the Global Financial Crisis, South European Society and Politics, 14(1), 71–85.
  • Berger, A. N., Bouwman, C. H. S., Kick, T., & Schaeck, K. (2011), Bank risk taking and liquidity creation following regulatory interventions and capital support, Discussion Paper 2011-088, Tilburg University, Center for Economic Research.
  • 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, No: 07/272.
  • Coleman, N. & Feler, L. (2015), Bank ownership, lending, and local economic performance during the 2008-2009 financial crisis, Journal of Monetary Economics, 71, 50-66.
  • Cull, R. & Peria M. S. M. (2013), Bank ownership and lending patterns during the 2008-2009 financial crisis: Evidence from Latin America and Eastern Europe, Journal of Banking & Finance, 37(12), 4861-4878.
  • Dell’Ariccia, G., Detragiache, E., & Rajan, R. (2008), The Real Effects of Banking Crises, Journal of Financial Intermediation, 17(1), 89-112.
  • Demirgüç-Kunt A., Detragiache, E., ve Gupta, P. (2006), Inside the crisis: An empirical analysis of banking systems in distress, Journal of International Money and Finance, 25(5), 702-718.
  • Driscoll, J. C. & Kraay, A. C. (1998), Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data, Review of Economics and Statistics, 80(4), 549-560.
  • European Central Bank (2011), The Supply of Money-Bank Behaviour and the Implications for Monetary Analysis, Monthly Bulletin, October, 63-79.
  • Erdem, E. (2012), Para Banka ve Finansal Sistem, Detay Yayıncılık, Ankara.
  • Eğilmez, M. & Kumcu, E. (2007), Ekonomi Politikası, Remzi Kitabevi, İstanbul.
  • Freixas, X., & Rochet, J. C. (2008), Microeconomics of Banking, The MIT Press, Cambridge.
  • 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.
  • Kashyap, A.K. & Stein, J. C. (1995), The Impact of Monetary Policy on Bank Balance Sheets, Carnegie Rochester Conference Series on Public Policy, No: 42, 151-195.
  • Kaya, F. (2012), Bankacılık Giriş ve İlkeleri, Beta Yayınları, İstanbul.
  • Kepenek, Y. (2012), Türkiye Ekonomisi, Remzi Kitabevi, İstanbul.
  • Kök, D. & Ay, O. E. (2013), 2008 Küresel Finansal Krizinin Türk Bankacılık Sektörü Etkinlik Düzeylerine Yansıması Üzerine Bir Araştırma: 2007-2009, Uluslararası İktisadi ve İdari İncelemeler Dergisi, 10, 155-170.
  • Marois, T., & Güngen, A. R. (2016), Credibility and class in the evolution of public banks: the case of Turkey, The Journal of Peasant Studies, 43(6), 1285-1309.
  • Meriläinen, 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 and 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, 54, 31-48.
  • Sanya, S. & Mlachila, M. (2010), Post-Crisis Bank Behavior: Lessons from Mercosur, IMF Working Paper No: 10/1.
  • Terzi, N. (2017), Küresel Finansta Güncel Konular, Beta Yayıncılık, İstanbul.
  • Yildirim, C. (2015), Liberalization, Post-Crisis Restructuring and Internationalization in Turkish Banking, Turkish Studies, 16(2), 253-279.
  • Yüksel, A.S., Yüksel A., & Yüksel Ü. (2004), Bankacılık Hukuku ve İşletmesi, Beta Yayıncılık, İstanbul.
Toplam 34 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Onur Özdemir 0000-0002-3804-0062

Fatih Kayhan

Yayımlanma Tarihi 30 Nisan 2019
Gönderilme Tarihi 10 Aralık 2018
Yayımlandığı Sayı Yıl 2019 Sayı: 111

Kaynak Göster

APA Özdemir, O., & Kayhan, F. (2019). Küresel Finansal Krizin Devlet Bankaları ve Özel Sermayeli Bankaların Likidite Davranışının Değişimine Etkisi: Türk Mevduat Bankacılığı Örneği. Maliye Ve Finans Yazıları(111), 403-434. https://doi.org/10.33203/mfy.494491

Dergi özellikle maliye, finans ve bankacılık alanlarında faaliyet göstermektedir.