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TInflation and Banking Sector Loans in Turkey: An Analysis of the 2002-2008 Period

Author

Listed:
  • Mehmet Hüseyin Bilgin

    (Kadir Has University)

  • Fikret Kartal

    (Birleşik Fon Bankası A.Ş.)

Abstract

After putting into practice implicit inflation targeting regime from 2002, Turkey adopted an explicit inflation targeting regime starting in January 2006. This implementation, of course, caused certain effects on the economy and the banking sector. This paper aims to investigate these effects. Within this context, the main pur- pose of this paper is to analyze the transformation of the credit of the banking sector in the inflation targeting environment in Turkey for the period 2002-2008.

Suggested Citation

  • Mehmet Hüseyin Bilgin & Fikret Kartal, 2009. "TInflation and Banking Sector Loans in Turkey: An Analysis of the 2002-2008 Period," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 24(85), pages 65-78, October.
    • Handle: RePEc:acc:malfin:v:24:y:2009:i:85:p:65-78
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    References listed on IDEAS

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    1. Kenneth N. Kuttner, 2004. "The role of policy rules in inflation targeting," Review, Federal Reserve Bank of St. Louis, vol. 86(Jul), pages 89-112.
    2. Mr. Prakash Kannan, 2008. "Perspectives on High Real Interest Rates in Turkey," IMF Working Papers 2008/251, International Monetary Fund.
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