The effectiveness of the monetary transmission mechanism channel in Turkey
This study investigates on which channels the monetary transmission mechanism works effectively. In this context, quarterly data for the period 2005-2017 is used for Turkey and the variables used to determine the efficiency of the monetary transmission mechanism are analyzed by the VAR method. The o...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Alexandru Ioan Cuza University of Iasi
2019-06-01
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| Series: | Eastern Journal of European Studies |
| Subjects: | |
| Online Access: | http://ejes.uaic.ro/articles/EJES2019_1001_OKU.pdf |
| _version_ | 1828875221884469248 |
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| author | Fatih OKUR Ömer AKKUŞ Atakan DURMAZ |
| author_facet | Fatih OKUR Ömer AKKUŞ Atakan DURMAZ |
| author_sort | Fatih OKUR |
| collection | DOAJ |
| description | This study investigates on which channels the monetary transmission mechanism works effectively. In this context, quarterly data for the period 2005-2017 is used for Turkey and the variables used to determine the efficiency of the monetary transmission mechanism are analyzed by the VAR method. The obtained results indicate that the loans and reserves have a more effective role on the inflation as a channel of the monetary transmission mechanism. According to the long run results, while the exchange rate and reserves channel have a negative effect on the real GDP, it is revealed that loans have a positive effect on the real GDP in the long run stabilization. |
| first_indexed | 2024-12-13T07:54:51Z |
| format | Article |
| id | doaj.art-f254e5d49a3f4b6aa4726788f97d66b4 |
| institution | Directory Open Access Journal |
| issn | 2068-651X 2068-6633 |
| language | English |
| last_indexed | 2024-12-13T07:54:51Z |
| publishDate | 2019-06-01 |
| publisher | Alexandru Ioan Cuza University of Iasi |
| record_format | Article |
| series | Eastern Journal of European Studies |
| spelling | doaj.art-f254e5d49a3f4b6aa4726788f97d66b42022-12-21T23:54:34ZengAlexandru Ioan Cuza University of IasiEastern Journal of European Studies2068-651X2068-66332019-06-01101161180The effectiveness of the monetary transmission mechanism channel in TurkeyFatih OKUR0Ömer AKKUŞ1Atakan DURMAZ2Bayburt University, Bayburt, TurkeyGümüşhane University, Gümüşhane, TurkeySamsun University, Samsun, TurkeyThis study investigates on which channels the monetary transmission mechanism works effectively. In this context, quarterly data for the period 2005-2017 is used for Turkey and the variables used to determine the efficiency of the monetary transmission mechanism are analyzed by the VAR method. The obtained results indicate that the loans and reserves have a more effective role on the inflation as a channel of the monetary transmission mechanism. According to the long run results, while the exchange rate and reserves channel have a negative effect on the real GDP, it is revealed that loans have a positive effect on the real GDP in the long run stabilization.http://ejes.uaic.ro/articles/EJES2019_1001_OKU.pdfmonetary transmission mechanismcredit channelinflationmonetary policy |
| spellingShingle | Fatih OKUR Ömer AKKUŞ Atakan DURMAZ The effectiveness of the monetary transmission mechanism channel in Turkey Eastern Journal of European Studies monetary transmission mechanism credit channel inflation monetary policy |
| title | The effectiveness of the monetary transmission mechanism channel in Turkey |
| title_full | The effectiveness of the monetary transmission mechanism channel in Turkey |
| title_fullStr | The effectiveness of the monetary transmission mechanism channel in Turkey |
| title_full_unstemmed | The effectiveness of the monetary transmission mechanism channel in Turkey |
| title_short | The effectiveness of the monetary transmission mechanism channel in Turkey |
| title_sort | effectiveness of the monetary transmission mechanism channel in turkey |
| topic | monetary transmission mechanism credit channel inflation monetary policy |
| url | http://ejes.uaic.ro/articles/EJES2019_1001_OKU.pdf |
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