Does Bank Ownership Affect the Credit Channel of Monetary Policy?

Macit, Fatih

doi:10.3790/aeq.58.2.139

Cited by 2 publications

(1 citation statement)

References 7 publications

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“…This happens because government-owned banks can obtain stable deposits due to better deposit guarantee (Micco & Panizza, 2006). This has been confirmed in the case of Turkish banking sector from 2006 to 2010 by Macit (2013). In addition, we find that investment banks are not sensitive to changes in monetary policy.…”

Section: Discussionsupporting

confidence: 66%

Bank-Lending Channel of Monetary Policy Transmission: Evidence from ASEAN

Hamid

Yunus

2019

Global Business Review

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This article examines the existence of a bank-lending channel in Association of Southeast Asian Nations (ASEAN) using a sample of 328 banks from 2009 to 2015. The findings confirm that a bank-lending channel is effective. In particular, we find that consumer loans and commercial loans are sensitive to changes in monetary policy, but mortgage and corporate loans are not. We also find that commercial banks are vulnerable to monetary policy changes, but both investment and Islamic banks are not. On the contrary, special purpose banks are able to overcome the effect of monetary policy tightening by supplying more loans. The effectiveness of a bank-lending channel in ASEAN also holds when we control for the differences in governance structure of the countries. Policymakers need to take these into consideration in designing an effective monetary policy.

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Section: Discussionsupporting

confidence: 66%

Bank-Lending Channel of Monetary Policy Transmission: Evidence from ASEAN

Hamid

Yunus

2019

Global Business Review

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Do Participation Banking Have an Alternative Role in the Monetary Transmission Mechanism? A Nonlinear Approach

AKIN>¹,

Duramaz

Karaa

2022

Academic Review of Humanities and Social Sciences

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Bu çalışmanın amacı, 2006:01-2022:03 dönemi için katılım ve geleneksel bankalar olmak üzere ikili bankacılık sistemine sahip olan Türkiye’de parasal aktarım mekanizması kredi kanalının geçerliliğinin incelenmesi ve katılım bankacılığının bu süreçteki rolünün ortaya konulmasıdır. Bu kapsamda, farklı ekonomik koşullar altında kredi aktarım mekanizmasındaki olası doğrusalsızlıkları dikkate alabilmek amacıyla Markov rejim değişim vektör otoregresyon modelinden (MRS-VAR) yararlanılmıştır. Çalışmadan elde edilen bulgulara göre, ekonomik daralma rejiminde reel üretimin banka kredilerine verdiği tepkinin pozitif olmasına rağmen, ekonomik genişleme rejiminde söz konusu tepkinin negatif olduğu ifade edilebilir. Bununla birlikte, katılım bankaları kredi hacmindeki şokların reel üretim üzerindeki etkisi geleneksel bankalara göre nisbi olarak daha düşüktür. Bu sonuç, katılım bankalarının kredi aktarım mekanizmasında tamamlayıcı bir role sahip olduğunu göstermektedir.

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Does Bank Ownership Affect the Credit Channel of Monetary Policy?

Cited by 2 publications

References 7 publications

Bank-Lending Channel of Monetary Policy Transmission: Evidence from ASEAN

Bank-Lending Channel of Monetary Policy Transmission: Evidence from ASEAN

Do Participation Banking Have an Alternative Role in the Monetary Transmission Mechanism? A Nonlinear Approach

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