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Kaldirac ve Dongusellik

Listed author(s):
  • Mahir Binici
  • Bulent Koksal

[TR] Bu calismada, Turk bankacilik sisteminde kaldirac ile aktif buyumesi arasindaki iliski incelenmis, bu iki degisken arasinda pozitif ve anlamli bir iliski saptanmistir. Bu sonuc bankacilik sisteminin buyume gosterdigi donemlerde kaldirac oraninin arttigini, dolayisiyla kaldiracin dongusel oldugunu gostermektedir. Ayrica, islev bakimindan banka gruplari arasinda da farkliliklar bulunmustur. Kaldiracin dongusel olmasi banka bilancolarinin genisleme ve daralmalarinin kredi çevrimlerini hizlandirdigi sonucunu vermekte, dolayisiyla kaldirac ve is cevrimleri iliskisini de ortaya koymaktadir. Bu anlamda, dongusellik karsiti gelistirilecek makro riskleri azaltici onlemler sepetinde kaldirac orani da dikkate alinarak politika gelistirilmesinde fayda gorulmektedir [EN] This study examines the relation between leverage and asset growth in the Turkish banking sector, and finds that there is a statistically significant positive relationship between these two variables. This result indicates that the leverage ratio increases when there is positive asset growth, hence the leverage is procyclical. In addition, this relationship differs according to the business models of the banks. Procyclicality of the leverage indicates that the expansion and contraction of the bank balance sheets accelerates the credit cycles implying that bank leverage and business cycles are related. In this sense, it is useful to include the leverage ratio in the counter-cyclical macroprudential policy toolkit.

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Paper provided by Research and Monetary Policy Department, Central Bank of the Republic of Turkey in its series CBT Research Notes in Economics with number 1211.

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Date of creation: 2012
Handle: RePEc:tcb:econot:1211
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