The aim of our study forms bank lending channel which defines the impacts of monetary policy on real economic activities by chancing loan supply of the banks. Changing loan supply by banks as a response to monetary shocks affects the accessibility of firms and household to the bank credit and this brings to important macroeconomic conclusions. In this study we conclude that Turkey's economy largely provided the conditions for the efficiency of bank lending channel. In the analysis of monthly data within the period 2002:1-2014:12 was used VAR model. The empirical results of the study show that monetary policy through the bank lending channel play an important role on the real economy in the short term. In this study it is confirmed that functioning of a bank lending channel for Turkey's economy.

No abstract

One of Turkey's most important macroeconomic problems is persistent current account deficit. Credit volume has been shown as one of the basic determinants of current account rate, especially after the global financial crisis in Turkish economy. The Central Bank of Turkey has begun to implement the policy to ensure financial stability by slowing down credit volume in response to current account deficit affected by rapid credit expansion after the global financial crisis of 2008. In this study, we investigated the relationship between credit volume and current account deficit covering the period of 2005:Q1-2015:Q3 employing Bound test approach, ARDL model and Kalman filter method. Bound test results suggest the existence of co-integration relationship between current account deficit and credit volume. ARDL model results indicate that the credit volume is statistical significant and positively affects current account deficit in the short and long run. The results show that a 1 % increase in credit volume leads to nearly a 0.62 % increase in current account deficit. Kalman Filter method results indicate that the effect of credit volume on current account deficit increased after global financial crisis and started to decrease after 2013.

The aim of this study is to examine the existence of chaotic structure in agricultural production in Turkey by using "Chaotic Dynamic Analysis (CDA)" and to provide an accurate forecast of agricultural production. The data of wheat, barley and rice production in Turkey obtained from Turkish Statistical Institute (TURKSTAT) covers the period of 1991 to 2009. Our analysis shows that the supply of the selected agricultural products has a chaotic structure. The dynamic system constructed in this study predicted the supply of the year 2010 with a margin error of 0.5, 5, and 2.5 percentages for wheat, barley, and rice respectively. This study is the first attempt using CDA to forecast future agricultural product supply in Turkey. The findings of this study will help to produce effective policies to prevent supply disequilibrium, and excess price fluctuations.

Borç dolarizasyonu, ekonomik birimlerin yabancı para cinsinden borçlarını ifade etmektedir. Ekonomik koşullara bağlı olarak firmaların yabancı para kullanım oranları ve dolarizasyon dereceleri farklılık göstermektedir. Bu çalışmanın amacı, dolarizasyon olgusunun reel sektör kârlılığı üzerindeki etkisini araştırmaktır. Bu amaç doğrultusunda çalışmada NACE Rev.2 sınıflandırması kapsamında incelenen 18 ana sektöre ait 2008-2016 dönemi verileri kullanılmıştır.İncelenmek istenen ilişkinin tahmininde ise dinamik panel veri yöntemlerinden olan Sapması Düzeltilmiş Gölge Değişkenli En Küçük Kareler (LSDVC) tahmincisi kullanılmıştır. Elde edilen tahmin sonuçları borç dolarizasyonunun reel sektör kârlılığını arttırdığına işaret etmektedir.