An Empirical Study on Liquidity and Bank Lending

An Empirical Study on Liquidity and Bank Lending

Title : An Empirical Study on Liquidity and Bank Lending
Number : 12/04
Author(s) : Koray Alper, Timur Hülagü, Gürsu Keleş
Language : English
Date : January 2012
Abstract : In this study, by using a panel data of Turkish banks, we empirically analyze whether monetary policies that are able to manipulate liquidity positions of banks can affect bank lending. Our results suggest that bank specific liquidity is important in credit supply. Moreover, in determining their lending, banks consider not only their individual liquidity position but also the systemic liquidity. Hence, any monetary policy which can alter liquidity is potentially effective on credit supply.
Keywords : Bank lending channel, Systemic liquidity, Panel data
JEL Codes : C23; E44; E58; G21

An Empirical Study on Liquidity and Bank Lending
CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40