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Journals / Sakarya İktisat Dergisi / 2017 / Cilt: 6 - Sayı: 4

THE IMPACT OF COUNTERCYCLICAL CAPITAL BUFFER POLICY ON CREDIT GROWTH IN TURKEY

TÜRKİYE’DE DÖNGÜSEL SERMAYE TAMPONUNUN KREDİ BÜYÜMESİ ÜZERİNE ETKİLERİ

Muharrem AFŞAR
Emrah DOĞAN
Pages
29–43
Publication Date
2017-12-20
DOI
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AI Summary & Key Takeaways

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

An empirical analysis shows that countercyclical buffers is a suitable macroprudential tool for Turkey and will serve as one of the main instruments to reduce systemic risk.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The global financial crisis showed that there was a need for a set of macroprudential tools that could be used to reduce the systemic risk.
📊
Key Findings & Data:This paper empirical analyzed the impact of countercyclical capital buffer implementation on the credit growth of bank in the context of the “countercyclical capital buffer”, a macroprudential tool proposed in the new regulatory framework of Basel III by the Basel Committee on Banking Supervision for Turkey during the 2006q1-2016q3 period.
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Conclusion & Impact:An empirical analysis shows that countercyclical buffers is a suitable macroprudential tool for Turkey and will serve as one of the main instruments to reduce systemic risk.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:: Kredi Büyümesi · Makro İstikrarsızlık Politikası · Döngüsel Sermaye Tamponu

Abstract

The global financial crisis showed that there was a need for a set of macroprudential tools that could be used to reduce the systemic risk. This paper empirical analyzed the impact of countercyclical capital buffer implementation on the credit growth of bank in the context of the “countercyclical capital buffer”, a macroprudential tool proposed in the new regulatory framework of Basel III by the Basel Committee on Banking Supervision for Turkey during the 2006q1-2016q3 period. We employ empirical analysis by applying statistical (HP filter) empirical analysis by applying statistical (HP filter) and econometric (ARDL)) approaches. An empirical analysis shows that countercyclical buffers is a suitable macroprudential tool for Turkey and will serve as one of the main instruments to reduce systemic risk.

Özet

Küresel finansal kriz, sistemik riski azaltmak için kullanılabilecek makro ihtiyati politika araçlarına ihtiyaç olduğunu göstermiştir. Bu çalışma, Türkiye için 2006:01-2016:03 dönemine ait üç aylık verileri ile Basel Bankacılık Denetim Komitesi tarafından Basel III çerçevesinde önerilen makro riskleri azaltacak bir araç olan "döngüsel(konjonktür karşıtı) sermaye tamponu"’nun özel sektör kredi büyümesi üzerinde etkilerini incelemektedir. Döngüsel sermaye tamponunun krediler üzerine etkilerini incelemek için; istatistiksel (HP filtresi) ve ekonometrik yaklaşım (ARDL ) uygulayarak analiz edilmektedir. Elde edilen tahmin sonuçları, döngüsel tamponların Türkiye için makro riskleri azaltıcı uygun bir araç olduğunu ve sistemik riski azaltmak için kullanılabileceğini göstermektedir.

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Cite This Article

AFŞAR, M., DOĞAN, E. (2017). THE IMPACT OF COUNTERCYCLICAL CAPITAL BUFFER POLICY ON CREDIT GROWTH IN TURKEY. Sakarya İktisat Dergisi, Cilt: 6 - Sayı: 4, 29–43. https://ajindex.com/articles/843452

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