ASYMMETRIC EFFECT OF BANK CREDIT CHANNEL FOR THE EASTERN EUROPEAN COUNTRIES

被引：2

作者：

Yildirim, Durmus Cagri ^{[1
]}

Turan, Tugba ^{[1
]}

Kantarci, Tugba ^{[1
]}

机构：

[1] Tekirdag Namik Kemal Univ, Dept Econ, TR-59030 Suleymanpasa, Tekirdag, Turkiye

来源：

SYMMETRY-CULTURE AND SCIENCE | 2023年 / 34卷 / 01期

关键词：

Bank Credit Channel; Monetary Policy; Threshold VAR; Eastern European Countries; MONETARY-POLICY; ECONOMIC-ACTIVITY; UNIT-ROOT; TRANSMISSION;

D O I：

10.26830/symmetry_2023_1_007

中图分类号：

O1 [数学];

学科分类号：

0701 ; 070101 ;

摘要：

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.

引用

页码：7 / 25

页数：19

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