Effect of Monetary Policy Instruments on Shadow Banking

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dc.authorid0000-0002-4686-4563en_US
dc.contributor.authorOkur, Fatih
dc.contributor.authorSoylu, Özgür Bayram
dc.date.accessioned2020-11-24T12:52:27Z
dc.date.available2020-11-24T12:52:27Z
dc.date.issued2020en_US
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractShadow banks are financial mediators. There are maturity, credit, and liquidity transformation without access to central bank liquidity and public sector credit guarantees in their performance. The principle purpose of this study is to answer the question of the relationship between shadow banking and monetary policy, all financial activities that require a private or public payment guarantee other than traditional banking. This study analyses the short and long-term effects of national income, policy rate, CPI and money supply (M1) on shadow banking by using Panel ARDL method in selected ten countries throughout 2002-2016. The findings of the analysis point out that there is a short- and significant long-term relationship between the indicators discussed. Short-term PMG estimation results indicate that the long-term equilibrium will be reached over for approximately four years. Also, long-term PMG estimation results also pointed to the existence of a significant relationship between indicators, apart from national income. It is determined that the money supply and policy interest rate had a positive relation and the consumer price index had a negative relation with shadow banking.en_US
dc.identifier.citationFatih, O. K. U. R., & SOYLU, Ö. B. (2020). Effect of Monetary Policy Instruments on Shadow Banking. Business & Management Studies: An International Journal, 8(3), 2531-2545.en_US
dc.identifier.doi10.15295/bmij.v8i3.1442
dc.identifier.endpage2545en_US
dc.identifier.issue3en_US
dc.identifier.startpage2531en_US
dc.identifier.trdizinid362153en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12403/2165
dc.identifier.volume8en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.institutionauthorOkur, Fatih
dc.language.isoenen_US
dc.publisherBusiness & Management Studies: An International Journalen_US
dc.relation.ispartofBusiness & Management Studies: An International Journalen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Başka Kurum Yazarıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectmonetary policy, shadow banking, Panel ARDLen_US
dc.titleEffect of Monetary Policy Instruments on Shadow Bankingen_US
dc.typeArticleen_US

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