TÜRKİYE’DE 1980 SONRASI PARA AKTARIM MEKANİZMASINDA KREDİ KANALININ YERİ

Para politikasının önemli bir bölümünü oluşturan aktarım mekanizmasının geleneksel görüşün yanı sıra kredi kanalının da bir parçası olmuştur. Kredi görüşüne göre para politikası kredi arzını etkilemekte, daralan kredi miktarı üretimi olumsuz yönde etkilemektedir. Türkiye’deki kredi kanalı için yapılmış kısıtlı sayıdaki çalışmaya ek olarak bu çalışmada kredi kanalının etkisi araştırılmış ve 1980 sonrası için bir destek bulunamamıştır. Nedenselliğin üretimden krediye doğru olduğu ve dolayısıyla kredi miktarında üretimin belirleyici olduğu bulunmuştur.

Anahtar Kelimeler:

Kredi görüşü, para aktarım mekanizması, Türkiye

Türkiye’de 1980 Sonrası Para Aktarım Mekanizmasında Kredi Kanalının Yeri

The credit channel has become a part of the monetary transmission mechanism which is an important part of monetary policy According to the credit view monetary policy affects the credit supply and a reduction in credit deteriorates production Additional to the limited number of studies about credit channel in Turkey this study investigates the credit channel and found no support for it after the 1980s It is found that the causality is from production to credit and thus production determines the credit amount Key Words: Credit view monetary transmission mechanism Turkey

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