THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE

Economic integration can changed the effectiveness of monetary policy on the real economy. For example European Monetary Union is an advanced stage of economic integration. The different financial architecture between European Monetary Union member countries undetermines the effects of policy implem...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Durmuş Çağrı YILDIRIM
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2021
Materias:	bank credit channel european monetary union panel ols economic integration. Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/63643d5d5a3642c6a0b448c63e1f09f1
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:63643d5d5a3642c6a0b448c63e1f09f1
record_format	dspace
spelling	oai:doaj.org-article:63643d5d5a3642c6a0b448c63e1f09f12021-11-24T09:21:01ZTHE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE2148-416310.9761/JASSS1725https://doaj.org/article/63643d5d5a3642c6a0b448c63e1f09f12021-01-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=1650069618_65Y%C4%B1ld%C4%B1r%C4%B1mDurmu%C5%9F%C3%87a%C4%9Fr%C4%B1-1251-1264.pdf&key=26916https://doaj.org/toc/2148-4163Economic integration can changed the effectiveness of monetary policy on the real economy. For example European Monetary Union is an advanced stage of economic integration. The different financial architecture between European Monetary Union member countries undetermines the effects of policy implementation on the real economy. In the other words the changes in the common policy decisions of single supranational central bank for a group of countries that set up monetary union or full economic integration does not produce the desired results in national economies. Monetary transmission mechanism which is tried to explain the real effect of monetary policy changes on economy explains the effect process of the changes in monetary policy decisions of the policy makers in the general price level and output. This study focuses on the credit channel of monetary transmission mechanism. The aim of this study is to analyze the efficiency of bank credit channel of monetary transmission mechanism for 12 countries of European Monetary Union with the annual data for 2003-2010 periods. The analysis was conducted for Germany, Austria, Belgium, Finland, France, Netherlands, Ireland, Spain, Italy, Luxembourg, Portugal and Greece. As a result, it has been seen that policy interest rate has no significant effect on credit volume. As a result of the study it has been concluded that the bank credit channel has been lost it effectiveness in the review period. In addition, due to the crisis in the member countries the expansionary policies that was applied against crisis has an increasing effect on credit volume.Durmuş Çağrı YILDIRIMFırat Universityarticlebank credit channeleuropean monetary unionpanel olseconomic integration.Social SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 6, Iss 22, Pp 1251-1264 (2021)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	bank credit channel european monetary union panel ols economic integration. Social Sciences H Social sciences (General) H1-99
spellingShingle	bank credit channel european monetary union panel ols economic integration. Social Sciences H Social sciences (General) H1-99 Durmuş Çağrı YILDIRIM THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE
description	Economic integration can changed the effectiveness of monetary policy on the real economy. For example European Monetary Union is an advanced stage of economic integration. The different financial architecture between European Monetary Union member countries undetermines the effects of policy implementation on the real economy. In the other words the changes in the common policy decisions of single supranational central bank for a group of countries that set up monetary union or full economic integration does not produce the desired results in national economies. Monetary transmission mechanism which is tried to explain the real effect of monetary policy changes on economy explains the effect process of the changes in monetary policy decisions of the policy makers in the general price level and output. This study focuses on the credit channel of monetary transmission mechanism. The aim of this study is to analyze the efficiency of bank credit channel of monetary transmission mechanism for 12 countries of European Monetary Union with the annual data for 2003-2010 periods. The analysis was conducted for Germany, Austria, Belgium, Finland, France, Netherlands, Ireland, Spain, Italy, Luxembourg, Portugal and Greece. As a result, it has been seen that policy interest rate has no significant effect on credit volume. As a result of the study it has been concluded that the bank credit channel has been lost it effectiveness in the review period. In addition, due to the crisis in the member countries the expansionary policies that was applied against crisis has an increasing effect on credit volume.
format	article
author	Durmuş Çağrı YILDIRIM
author_facet	Durmuş Çağrı YILDIRIM
author_sort	Durmuş Çağrı YILDIRIM
title	THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE
title_short	THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE
title_full	THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE
title_fullStr	THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE
title_full_unstemmed	THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE
title_sort	effect of economic integration on credit channel: a case study of euro zone
publisher	Fırat University
publishDate	2021
url	https://doaj.org/article/63643d5d5a3642c6a0b448c63e1f09f1
work_keys_str_mv	AT durmuscagrıyildirim theeffectofeconomicintegrationoncreditchannelacasestudyofeurozone AT durmuscagrıyildirim effectofeconomicintegrationoncreditchannelacasestudyofeurozone
_version_	1718415299710025728

THE EFFECT OF ECONOMIC INTEGRATION ON CREDIT CHANNEL: A CASE STUDY OF EURO ZONE

Ejemplares similares