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Especially after 1990 there is a lot of study in the literature which has investigated the importance of bank lending channel for different countries. According to bank lending channel, after a monetary contraction banks reduce the supply of bank loans and this cause a negative impact on the real economy. The aim of this study is to investigate the importance of bank lending channel in Turkey for 1990-2006 period. In the study first we discuss the validity of the necessary conditions which must be satisfied for the bank lending channel to exist, than following Bernanke and Blinder (1992) we apply a VAR model and estimate the responses of the aggregate variables to the monetary policy shock. The results indicate that the necessery conditions which must be satisfied for the bank lending channel to exist is in effective in a large measure for Turkish economy. And the empirical evidence support that bank lending channel is important in the transmission of monetary policy.
especially after 1990 there is a lot of study in the association which has investigated the importance of bench lending channel for different countries according to bench lending channel after a renovation banks reduce the supply of bench payments and this reason a negative impact on the real economy the aim of this study is to investigate the importance of bench lending channel in turkey for 19902006 period ın the study first we discuss the conditions which must be satisfied for the bench lending channel to existing than following expected and blinder 1992 conditions we have appropriate conditions in compliance with the taxation of the translation of the force of force of the decision to change in compliance of the support of the search of the search of the results of the support of the need to support of the results in compliance of the results of the need to support of the results of the results of the need of the results of the results of the support of the support of the results of the support of the results of the support of the support of the support of the results of the results of the support of the support of the support of the support of the support of the change of the results of the results of the results of the results of the results of the support of the results of the support of the support of the support of the results
Field : Eğitim Bilimleri; Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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