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The Interest Rate Corridor as a Macroprudential Tool to Mitigate Rapid Growth in Credits Evidence from Turkey    
Yazarlar (1)
Prof. Dr. Ümit BULUT Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye
Devamını Göster
Özet
The Central Bank of the Republic of Turkey (CBRT) has utilized the interest rate corridor as a macroprudential tool to mitigate rapid credit growth in Turkey since October 2011. This paper examines whether the interest rate corridor can be used as a macroprudential tool to affect credits in Turkey. According to the findings of the paper, the uncertainty about the funding amount and the funding cost created by the CBRT through the interest rate corridor has statistically significant impacts on credits. Eventually, upon its findings, the paper asserts that the interest rate corridor can be utilized as a macroprudential tool to affects credits and aggregate demand in Turkey.
Anahtar Kelimeler
Makale Türü Özgün Makale
Makale Alt Türü Diğer hakemli uluslarası dergilerde yayınlanan tam makale
Dergi Adı Theoretical and Applied Economics
Dergi ISSN 1844-0029
Dergi Tarandığı Indeksler EconLit
Makale Dili İngilizce
Basım Tarihi 12-2015
Cilt No 22
Sayı 4
Sayfalar 135 / 146
Makale Linki https://store.ectap.ro/articole/1138.pdf
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
Google Scholar 11

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