ASYMMETRIC EFFECT OF BANK CREDIT CHANNEL FOR THE EASTERN EUROPEAN COUNTRIES
Küçük Resim Yok
Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Symmetrion
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In this study, the efficiency of the bank credit channel of the monetary transmission mechanism in the context of Eastern European countries (Bulgaria, Hungary, Poland, Romania, and Turkey) is examined. As an indicator of the monetary policy stance, the effects of central bank reserves, one of the non-traditional policy tools, are handled with non-linear methods. The analysis period varies according to the data availability of the countries (Bulgaria 2004:4-2020:5, Hungary 2004:4-2020:5, Poland 2009:3-2020:5; Romania 2007:1-2020:5 and Turkey 2005:1- 2020:5). The results show that the balance sheet strategy has asymmetric effects for countries.
Açıklama
Anahtar Kelimeler
Bank Credit Channel, Monetary Policy, Threshold VAR, Eastern European Countries
Kaynak
Symmetry-Culture and Science
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
34
Sayı
1
