Please use this identifier to cite or link to this item: https://hdl.handle.net/11147/5642
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dc.contributor.authorDuran, Hasan Engin-
dc.contributor.authorErdem, Umut-
dc.date.accessioned2017-05-30T08:29:24Z
dc.date.available2017-05-30T08:29:24Z
dc.date.issued2014
dc.identifier.citationDuran, H. E., and Erdem, U. (2014). Regional effects of monetary policy: Turkey case. Regional and Sectoral Economic Studies, 14(1), 133-144.en_US
dc.identifier.issn1578-4460
dc.identifier.issn1578-4460-
dc.identifier.urihttp://hdl.handle.net/11147/5642
dc.description.abstractMonetary policy is primarily designed for national purposes, say price stability. However, its impact may vary significantly across regions. Why some regions respond more strongly to monetary policy is a challenging topic both theoretically and empirically. Indeed, three main hypothesis on this issue have been put forward: (i) regions with high share of manufacturing, (ii) regions that include higher proportion of small-scale firms and banks, (iii) regions which are more open to trade are likely to respond more strongly to changes in monetary policy. Although these hypotheses have been thoroughly and heatedly discussed by a strand of scholars, far little attention has been paid to the role of geographical factors and spatial spillovers. In fact, we precisely address this issue. Aim of the present paper is to examine the validity of three hypotheses and, additionally, the role of spatial spillovers in regional monetary transmission mechanism in Turkey. Our analyses indicate three major results: First, provinces respond quite heterogeneously to unexpected changes in monetary policy. Second, spatial spillovers and geographical proximity clearly matter in monetary transmission such that neighboring regions are likely to exhibit similar reactions to monetary policy. Third, among the hypothesis above bank size and trade openness are found to be significant.en_US
dc.language.isoenen_US
dc.publisherEuro-American Association of Economic Development Studiesen_US
dc.relation.ispartofRegional and Sectoral Economic Studiesen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectMonetary policyen_US
dc.subjectMonetary transmissionen_US
dc.subjectSpatial spilloversen_US
dc.titleRegional effects of monetary policy: Turkey caseen_US
dc.typeArticleen_US
dc.authoridTR111930en_US
dc.institutionauthorDuran, Hasan Engin-
dc.institutionauthorErdem, Umut-
dc.departmentIzmir Institute of Technology. City and Regional Planningen_US
dc.identifier.volume14en_US
dc.identifier.issue1en_US
dc.identifier.startpage133en_US
dc.identifier.endpage144en_US
dc.identifier.scopus2-s2.0-84902123372en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ4-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.fulltextWith Fulltext-
item.openairetypeArticle-
item.languageiso639-1en-
item.grantfulltextopen-
crisitem.author.dept02.03. Department of City and Regional Planning-
Appears in Collections:City and Regional Planning / Şehir ve Bölge Planlama
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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