Deniz, Burak
As one of the most important elements of the financial system, bank loans significantly affect both the real economy and financial markets. As a result, it is crucial to analyze the determinants as well as the dynamics of bank loans through time. In this study, the determinants of total loans, corporate loans, and consumer loans in the banking sector of Turkey are examined for the period 2005Q1-2019Q4 via an Autoregressive Distributive Lag Model (ARDL). The volume of domestic currency deposits and foreign currency deposits in the banking sector, the exchange rate, real GDP, the consumer price index (CPI), and the policy rate are selected as the explanatory variables of the econometric models. Estimation results show that, as an indicator of the lending capacity of the banks, the loan volume is positively related to the deposit volume, economic growth encourages the loan growth, the depreciation of the domestic currency discourages the loan growth, and the overnight borrowing interest rate, as a proxy of the policy rate and inflation rate, showed no significant effect. Furthermore, the study demonstrates that the effects of the variables on credit growth differ depending on the term (short or long) and the type (consumer or corporate). This study contributes to the literature by analyzing bank loans in short and long terms for different loan types.


Determinants of non-core liabilities in the turkish banking system
Demirölmez, Beren; Tunç, Gül İpek; Department of Economics (2017)
After the 2008 global financial crises, composition of bank liabilities has begun to draw more attention due to its important role in diagnosing financial vulnerability. According to literature, non-core liabilities are amongst the best indicators of financial crises and because of the more frequent data availability, they also provide real time signaling observation. Although there are various studies about non-core liabilities, there is only a very limited number of country specific studies. Therefore, ou...
Effects of Dollarization on Bank Performance: Analysis for Turkey
IŞIK, SENA; Şendeniz Yüncü, İlkay (2022-03-01)
Dollarization has significant effects on the real sector, monetary policy, and financial system. In this study, the effects of dollarization on banks’ performance in Turkey for the period of 2012-2017 are investigated by using both static and dynamic panel data analyses. Our Generalized Method of Moments (GMM) results indicate the statistical significance of the negative impact of deposit dollarization on return on assets (ROA). Both the random effects regression and GMM results show a negative and signific...
Effects of monetary policy on banking interest rates: interest rate pass-through in Turkey
Sağır, Serhat; Yıldırak, Şahap Kasırga; Department of Financial Mathematics (2011)
In this study, the effects of CBRT monetary policy decisions on the consumer, automobile, housing and commercial loans of the banks during the period from the early of 2004 to the middle of 2011 are examined. In order to perform this study, it is benefited from weekly weighted average loan interest rate data of the banks, which is the data having the highest frequency that could be obtained from the electronic data distribution system of CBRT. Monetary policy instruments of Central Bank may change in the co...
Influence of networks on systemic risk within banking system of Turkey
Özdemir, Özge; Günel Kılıç, Banu; Department of Information Systems (2015)
Within the Turkish banking system, systemic risk, which is defined as the propagation of a financial collapse occurred in one or more institutions to other institutions as a consequence of interconnectedness, has been examined with network analysis via the capital and liquidity channel of interbank system over the period from January 2009 to October 2014. Financial shocks of individual and multiple bank failures are simulated to measure the fragility and effectiveness of banks and peer groups. Simulation re...
The Swap Lines Then and Now: Repositioning the United States and the Federal Reserve in Global Monetary Relations
Pehlivan, Cemile; Bedirhanoğlu Toker, Pınar; Department of International Relations (2022-9-30)
The use of swap lines during and after the global financial crisis of 2008 has attracted a lot of attention as it seemingly put the US Federal Reserve into the position of an international lender of last resort. This thesis questions the validity of this argument critically by problematizing the uses of central bank swap lines in different historical conjunctures. Elaborating on the changes and continuities of US monetary policy via Fed’s swap lines strategies within global capitalism, the thesis investigat...
Citation Formats
B. Deniz, “DETERMINANTS OF BANK LENDING IN TURKEY,” M.S. - Master of Science, Middle East Technical University, 2022.