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Banks’ lending behavior and monetary policy: evidence from Sweden

✍ Scribed by Stephanos Papadamou; Costas Siriopoulos

Publisher
Springer US
Year
2010
Tongue
English
Weight
662 KB
Volume
38
Category
Article
ISSN
0924-865X

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✍ Hakan Berument; Hakan Taşçi 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 82 KB

## Abstract This paper estimates a forward‐looking monetary policy reaction function of the Central Bank of the Republic of Turkey by considering the period from 1990:01 to 2000:10. When the spread between the interbank rate and depreciation rate of the local currency is taken as a policy tool, the