Publication: Reserve requirements, liquidity risk, and bank lending behavior
dc.contributor.coauthor | Alper, Koray | |
dc.contributor.coauthor | Binici, Mahir | |
dc.contributor.coauthor | Kara, Hakan | |
dc.contributor.coauthor | Özlü, Pınar | |
dc.contributor.department | Department of Economics | |
dc.contributor.kuauthor | Demiralp, Selva | |
dc.contributor.schoolcollegeinstitute | College of Administrative Sciences and Economics | |
dc.date.accessioned | 2024-11-09T22:51:47Z | |
dc.date.issued | 2018 | |
dc.description.abstract | Although reserve requirements (RR) have been used in emerging markets to smooth credit cycles, the transmission mechanism remains blurry. Using bank-level data, we unveil the interaction of RR with bank lending. We identify a new channel that works through a decline in banks' liquid assets and loan supply due to an increase in RR. Quantitative tightening through RR raises the short-term funding needs of the banking system, which is met by collateralized central bank lending, thus depleting banks' unencumbered liquid assets. Our results suggest that such a shift in bank liquidity is associated with a significant change in lending. | |
dc.description.indexedby | WOS | |
dc.description.indexedby | Scopus | |
dc.description.issue | 4 | |
dc.description.openaccess | YES | |
dc.description.publisherscope | International | |
dc.description.sponsoredbyTubitakEu | N/A | |
dc.description.volume | 50 | |
dc.identifier.doi | 10.1111/jmcb.12475 | |
dc.identifier.eissn | 1538-4616 | |
dc.identifier.issn | 0022-2879 | |
dc.identifier.quartile | Q3 | |
dc.identifier.scopus | 2-s2.0-85046352333 | |
dc.identifier.uri | https://doi.org/10.1111/jmcb.12475 | |
dc.identifier.uri | https://hdl.handle.net/20.500.14288/6903 | |
dc.identifier.wos | 434136900008 | |
dc.keywords | Monetary transmission mechanism | |
dc.keywords | Liquidity channel | |
dc.keywords | Reserve requirements | |
dc.keywords | Turkey | |
dc.language.iso | eng | |
dc.publisher | Wiley-Blackwell | |
dc.relation.ispartof | Journal of Money Credit and Banking | |
dc.subject | Business | |
dc.subject | Finance | |
dc.subject | Economics | |
dc.title | Reserve requirements, liquidity risk, and bank lending behavior | |
dc.type | Journal Article | |
dspace.entity.type | Publication | |
local.contributor.kuauthor | Demiralp, Selva | |
local.publication.orgunit1 | College of Administrative Sciences and Economics | |
local.publication.orgunit2 | Department of Economics | |
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