TY - BOOK ID - 84544209 TI - Bank Lending in Turkey : Effects of Monetary and Fiscal Policies AU - Aydin, Burcu. AU - Igan, Deniz. PY - 2010 SN - 1462308309 1455242594 1283560607 1455209910 9786613873057 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Bank loans KW - Monetary policy KW - Bank credit KW - Loans KW - Banks and Banking KW - Money and Monetary Policy KW - Public Finance KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Financial Markets and the Macroeconomy KW - Fiscal Policy KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Banking KW - Macroeconomics KW - Monetary economics KW - Finance KW - Fiscal policy KW - Commercial banks KW - Money KW - Financial institutions KW - Credit KW - Banks and banking KW - Turkey UR - https://www.unicat.be/uniCat?func=search&query=sysid:84544209 AB - The period following the 2000-01 crisis was marked by a successful disinflation program sustained through inflation targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during this period. Using quarterly bank-level data covering 2002-08, we find evidence that liquidity-constrained banks have sharper decline in lending during contractionary monetary policies and that crowding-out effect disappears more for banks with a retail-banking focus when fiscal policies are prudent.The results are statistically weak, suggesting that bank lending channel is not strong in Turkey and government finances has limited direct impact on credit. ER -