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Journals / Iğdır Üniversitesi Sosyal Bilimler Dergisi / 2017 / Cilt: 0 - Sayı: 13

An Analysis of the Effectiveness of the Bank Credit Chanel in the Inflation Targeting Period in Turkey

Türkiye’de Enflasyon Hedeflemesi Döneminde Banka Kredi Kanalının Etkinliğine İlişkin Bir Analiz

M UĞUR MİRASEDOĞLU
Pages
518–544
Publication Date
2022-10-18
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It is found from our study that bank credit channel works limitedly and has a poor effect on Turkish economy.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:It is analysed in this paper that, if bank credit channel works efficiently on Turkish economy in the period which is from January of 2006, the begining of open inflation targeting period, to February of 2017.
📊
Key Findings & Data:Interbank overnight interest rate represents monetary policy, total bank loans, total bank deposits and total stocks of banks are represents transmission ways, industrial production index represents production and consumer price index represents inflation.
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Conclusion & Impact:It is found from our study that bank credit channel works limitedly and has a poor effect on Turkish economy.
🔬Design:Modeling & Simulation
📍Scope:2006 Verileri
⚙️Variables:Para Politikası · Parasal Aktarım Mekanizması · Banka Kredi Kanalı

Abstract

It is analysed in this paper that, if bank credit channel works efficiently on Turkish economy in the period which is from January of 2006, the begining of open inflation targeting period, to February of 2017. Monthly data is used as the data set and VAR Model is used as methodology. Interbank overnight interest rate represents monetary policy, total bank loans, total bank deposits and total stocks of banks are represents transmission ways, industrial production index represents production and consumer price index represents inflation. It is found from our study that bank credit channel works limitedly and has a poor effect on Turkish economy.

Özet

Enflasyon hedeflemesi döneminde banka kredi kanalının Türkiye ekonomisindeki etkinliği, açık enflasyon hedeflemesi döneminin başladığı 2006 yılı Ocak ayı ile 2017 yılı Şubat ayı arasındaki dönem için analiz edilmiştir. Çalışmada aylık veri seti kullanılmış olup ekonometrik analiz VAR Metodolojisi yardımıyla tahmin edilmiştir. Çalışmada para politikası stratejisini temsilen Bankalar Arası Gecelik Faiz Oranı serisi, aktarım yollarını temsilen Bankacılık Sektöründeki Toplam Krediler, Bankacılık Sektöründeki Toplam Mevduatlar ve Bankacılık Sektörü Menkul Değerleri, üretimi temsilen Sanayi Üretim Endeksi ve enflasyon oranını temsilen Tüketici Fiyat Endeksi kullanılmıştır. Çalışma sonucunda Türkiye’de banka kredi kanalının kısmen etkin olduğu sonucuna ulaşılmıştır.

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Cite This Article

MİRASEDOĞLU, M. U. (2022). An Analysis of the Effectiveness of the Bank Credit Chanel in the Inflation Targeting Period in Turkey. Iğdır Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 13, 518–544. https://ajindex.com/articles/538959

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