DOES THE RISK-TAKING OR RISK-SHIFTING CHANNEL OF MONETARY POLICY WORK IN DEVELOPING COUNTRIES? EVIDENCE FROM TVP-VAR APPROACH

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dc.contributor.authorYıldırım, Durmuş Çağrı
dc.contributor.authorErdoğan, Seyfettin
dc.contributor.authorEsen, Ömer
dc.contributor.authorÇevik, Emrah İsmail
dc.date.accessioned2025-04-06T12:09:58Z
dc.date.available2025-04-06T12:09:58Z
dc.date.issued2023
dc.departmentTekirdağ Namık Kemal Üniversitesi
dc.descriptionProject Number: NKUBAP.07.GA.18.140.
dc.description.abstractIn the study, the validity of the risk-taking channel was investigated using the monthly data between 2003 and 2018, in particular for Brazil, South Africa and Turkey countries. According to test results, for Turkey the response of leverage rate to unexpected increases in policy interest rate was measured positively; for Brazil it was measured positively and for South Africa, it was measured positively during the sample period. Finally, for all countries the reaction of industrial production to shocks in the policy interest rate was calculated to be negative during the sample period. Thus, it is concluded that the risk-taking channel is effective for these countries during the analysis period (especially in times of crisis), and that monetary policy could be used as an effective tool for managing macroeconomic risk.
dc.description.sponsorshipTekirdağ Namık Kemal University
dc.identifier.doi10.11611/yead.1134078
dc.identifier.endpage58
dc.identifier.issn2148-029X
dc.identifier.issn2148-029X
dc.identifier.issue1
dc.identifier.startpage40
dc.identifier.urihttps://hdl.handle.net/20.500.11776/15636
dc.identifier.urihttps://doi.org/10.11611/yead.1134078
dc.identifier.urihttps://dergipark.org.tr/tr/pub/yead/issue/76364/1134078
dc.identifier.volume21
dc.language.isoen
dc.publisherBandirma Onyedi Eylul University
dc.relation.ispartofYönetim ve Ekonomi Araştırmaları Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_DergiPark_20250406
dc.subjectRisk‐Taking Channel
dc.subjectTVP-VAR
dc.subjectMonetary Transmission Mechanism
dc.subjectDeveloping Countries
dc.titleDOES THE RISK-TAKING OR RISK-SHIFTING CHANNEL OF MONETARY POLICY WORK IN DEVELOPING COUNTRIES? EVIDENCE FROM TVP-VAR APPROACH
dc.typeResearch Article

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