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Macroeconomic Information and the Role of Banks in Its Transmission: Evidence from Turkey

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  • Hasan Ersel

Abstract

This paper addresses two questions: Do Turkish private commercial banks take macroeconomic information into account in taking their major managerial decisions? And, if so, do they react to such information in a predictable manner? The findings, based on pooled cross-section time-series data for the 1989–1999 period, indicate that both questions can be answered affirmatively.

Suggested Citation

  • Hasan Ersel, 2002. "Macroeconomic Information and the Role of Banks in Its Transmission: Evidence from Turkey," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 38(4), pages 9-23, August.
    • Handle: RePEc:mes:emfitr:v:38:y:2002:i:4:p:9-23
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