Applied Financial Economics · 2005 · 41 citations · 2 references
Social SciencesEconomicsBankingFinancial EconomicsMonetary EconomicsCentral BankingCommercial BankingMonetary PolicyMonetary Transmission MechanismBalance Sheet ChannelBank Lending FlowsContractionary Monetary PolicyLiquidity ChannelLoan Supply ChannelMonetary Policy ShocksMonetary Policy Transmission MechanismShort-term Bank Loans
This paper investigates how monetary policy affects bank lending in Turkey. Kashyap and Stein () show that if contractionary monetary policy affects the supply of bank loans, it will reduce lending more at banks with less liquid balance sheets. Here, it is found that this is true in Turkey, indicating that there is a lending channel of monetary transmission there.
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AEA Papers and Proceedings · 2018 · 593 citations · Full text