Global liquidity matters for pass-through – CBRT research

central-bank-of-the-republic-of-turkey
The Central Bank of the Republic of Turkey
CBRT

The effects of domestic monetary policy can be dulled where banks have access to abundant sources of global liquidity, according to research published by the Central Bank of the Republic of Turkey.

Salih Fendoğlu and Eda Gülşen compare the cases of two hypothetical banks, both offering the same type of loan to the same firm, but one with greater access to global funding sources.

The authors estimate their results based on data from 2005–16, finding banks with higher access to external funding

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.