01783cas a2200253 a 4500 AALejournalIMF006781 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455209330 1018-5941 BD-DhAAL BD-DhAAL Aydin, Burcu. Bank Lending in Turkey : Effects of Monetary and Fiscal Policies / Burcu Aydin, Deniz Igan. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The period following the 2000-01 crisis was marked by a successful disinflation program sustained through inflation targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during this period. Using quarterly bank-level data covering 2002-08, we find evidence that liquidity-constrained banks have sharper decline in lending during contractionary monetary policies and that crowding-out effect disappears more for banks with a retail-banking focus when fiscal policies are prudent.The results are statistically weak, suggesting that bank lending channel is not strong in Turkey and government finances has limited direct impact on credit. Mode of access: Internet Igan, Deniz. IMF Working Papers; Working Paper ; No. 2010/233 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/233/001.2010.issue-233-en.xml IMF e-Library