The Central Bank of the Republic Turkey (CBRT)’s main target was price stability until 2008 global crisis, it also focused on financial in post-crisis period. CBRT has implemented new monetary policies that would react against shocks apart from traditional practices to limit negative effects crisis since end 2010. aim this study is analyze effectiveness transmission channels by CBRT, comparing ...

Purpose: The paper aims to evaluate the impact of COVID-19 pandemic on credit market in Poland. Design/Methodology/Approach: evaluation outcomes different segments Findings: had a significant rise risk economy due restrictions economic activity prompted commercial banks tighten their lending standards and terms. Demand for credits was affected by drop investment negative future expectations age...

Abstract The role of innovative start-ups in contributing to aggregate economic dynamism has attracted increased attention recent years. While this translated into several public policies explicitly targeting them, there is little evidence on their effectiveness. This article provides a comprehensive evaluation the “Start-up Act,” policy intervention aimed at supporting Italy. We construct uniq...

This paper studies the effects of interest rate restrictions on loan allocation. In 1714, the British government tightened the usury laws, reducing the maximum permissible interest rate from 6 to 5 percent. A sample of individual loan transactions from a goldsmith bank allows us to examine how interest rate restrictions affected loan allocation. Average loan size and minimum loan size increased...

Propensity scorecards allow forecasting, which bank customers would like to be granted new credits in the near future, through assessing their willingness to apply for new loans. Kalman filtering can help to monitor scorecard performance. Data from successive months are used to update the baseline model. The updated scorecard is the output of the Kalman filter. There is no assumption concerning...

We present a methodology to grant and follow-up credits for micro-entrepreneurs. This segment of grantees is very relevant for many economies, especially in developing countries, but shows a behaviour different to that of classical consumers where established credit scoring systems exist. Parts of our methodology follow a proven procedure we have applied successfully in several credit scoring p...

International capital flows can take many forms, from foreign direct investment (FDI) to loans to bonds to bank credits to equity, originating in either the public or the private sector and being channeled to either the public or private sector, where the latter may constitute either banks or other financial institutions or corporates or individuals. The characteristics of capital flowing in th...

In real world, financial institutions make decisions of their funding and lending structure on the daily basis. The exchange of credits among the financial institute is so frequent and sensible to the economic environment that an increase on the reference interest rate could modify the inter-banking funding network. It results important to central authorities to be aware of the network structur...