{"id":4053,"date":"2018-06-18T14:01:31","date_gmt":"2018-06-18T11:01:31","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=4053"},"modified":"2018-10-27T17:22:28","modified_gmt":"2018-10-27T14:22:28","slug":"is-there-a-financial-accelerator-mechanism-in-the-turkish-banking-industry","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/is-there-a-financial-accelerator-mechanism-in-the-turkish-banking-industry","title":{"rendered":"Is There a Financial Accelerator Mechanism in the Turkish Banking Industry?"},"content":{"rendered":"

<\/p>\n\n\n\n\n
Makale Bilgileri<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Dergi:<\/td>\nBusiness and Economics Research Journal<\/td>\n<\/tr>\n
Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\nIs There a Financial Accelerator Mechanism in the Turkish Banking Industry?<\/td>\n<\/tr>\n
Yazar(lar):<\/td>\nEkin Ay\u015fe \u00d6z\u015fuca<\/td>\n<\/tr>\n
Cilt:<\/td>\n9<\/td>\n<\/tr>\n
Say\u0131:<\/td>\n4<\/td>\n<\/tr>\n
Y\u0131l:<\/td>\n2018<\/td>\n<\/tr>\n
Sayfa:<\/td>\n787-798<\/td>\n<\/tr>\n
ISSN:<\/td>\n2619-9491<\/td>\n<\/tr>\n
DOI Numaras\u0131:<\/td>\n10.20409\/berj.2018.115<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\u00d6z<\/td>\n<\/tr>\n
This paper empirically investigates the cyclical behavior of price-cost margins for Turkish banks over the 2002q1-2017q3 period by exploiting dynamic panel data modeling approaches. The estimation results indicate that margins behave countercyclically during economic fluctuations. It appears that Turkish banks\u2019 price-cost margins tend to stay high acting countercyclical during economic downturns, which may limit the supply of loans and thereby, cause a further reduction in production, deepening the contraction. Specifically, several bank-specific characteristics, that is; banks\u2019 liquidity, capitalization and size, together with the monetary policy and market concentration in the banking industry are found to be crucial in explaining the countercyclical behavior of net interest margins in Turkey. Furthermore, the recent global financial crisis in the late 2008 seems to have a considerable effect on the banks margins as well. Overall, these findings provide evidence for the existence of \u201cfinancial accelerator\u201d at work in the Turkish economy during the period under investigation.<\/td>\n<\/tr>\n
\n
\n\n\n\n\n
Anahtar Kelimeler:<\/td>\nPrice-cost margins; Business cycles; Financial accelerator; Turkish banking industry; Dynamic panel data<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\n
\n\n\n\n
JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\nE32, E44, G21<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\r\n \r\n
\r\n \"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\"\r\n <\/td>\r\n \r\n \r\nTam Metin\r\n<\/b> ( \u2193<\/span> 3071)<\/a> <\/td>\r\n <\/tr>\r\n<\/table>Tam Metin\r\n<\/b> ( \u2193<\/span> 3071)<\/a> <\/td>\r\n <\/tr>\r\n<\/table><\/p>\n
<\/div>\n

<\/path><\/svg><\/i> \"Loading\"<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Is There a Financial Accelerator Mechanism in the Turkish Banking Industry? Yazar(lar): Ekin Ay\u015fe \u00d6z\u015fuca Cilt: 9 Say\u0131: 4 Y\u0131l: 2018 Sayfa: 787-798 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2018.115 \u00d6z This paper empirically investigates the cyclical behavior of price-cost margins for Turkish banks over the 2002q1-2017q3 […]<\/p>\n

<\/div>\n

<\/path><\/svg><\/i> \"Loading\"<\/p>\n

<\/div>\n","protected":false},"author":4638,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,7],"tags":[],"class_list":["post-4053","post","type-post","status-publish","format-standard","hentry","category-makale","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":62,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/4053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/4638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=4053"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/4053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=4053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=4053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=4053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}