Abstract:This paper empirically investigates the cyclical behavior of price-cost margins for Turkish banks over the 2002q1-2017q3 period by exploiting dynamic panel data modeling approaches. The estimation results indicate that margins behave countercyclically during economic fluctuations. It appears that Turkish banks' price-cost margins tend to stay high acting countercyclical during economic downturns, which may limit the supply of loans and thereby, cause a further reduction in production, deepening the contraction… Show more
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