文章基本信息

标题：The behavior of Turkish consumer loan rates,deposit rates and consumer loan premium in post-2001 currency crisis
本地全文：下载
作者：Chu V. Nguyen ; Geungu Yu ; Muhammad Mahboob Ali 等
期刊名称：Banks and Bank Systems
印刷版ISSN：1816-7403
电子版ISSN：1991-7074
出版年度：2014
卷号：9
期号：1
页码：8-15
语种：English
出版社：LLC "CPC "Business Perspectives"
摘要：Asymmetries in the Turkish consumer loan-deposit rate spread (consumer loan premium) were documented. Empirical results revealed that the consumer loan premium adjusts to the threshold more slowly when the deposit rates fall rela tive to the lending rates than when the deposit rates move in the opposite direction. This predatory rate setting behavior is consistent within the observed lending institutions,operating in an opaque,highly concentrated market over the post Turkish currency crisis of the 2000s era. Empirical results also revealed no Granger causality between the consumer loan rate and the deposit rate,indicating that the consumer loan rate is independent of the 1-month deposit rate. Moreover,this finding suggests that the Turkish countercyclical monetary policy does not matter in the short run.
关键词：asymmetry;consumer loan rate;1-month deposit rate;consumer loan premium;Turkey;predatory pricing behavior.