HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 4 / 2015 (605), Winter

The Interest Rate Corridor as a Macroprudential Tool to Mitigate Rapid Growth in Credits: Evidence from Turkey

Ahi Evran University, Kirsehir, Turkey

Abstract. The Central Bank of the Republic of Turkey (CBRT) has utilized the interest rate corridor as a macroprudential tool to mitigate rapid credit growth in Turkey since October 2011. This paper examines whether the interest rate corridor can be used as a macroprudential tool to affect credits in Turkey. According to the findings of the paper, the uncertainty about the funding amount and the funding cost created by the CBRT through the interest rate corridor has statistically significant impacts on credits. Eventually, upon its findings, the paper asserts that the interest rate corridor can be utilized as a macroprudential tool to affects credits and aggregate demand in Turkey.

Keywords: The Central Bank of the Republic of Turkey; macroprudential tool; the interest rate corridor; the difference between the upper bound of the corridor and the policy rate.

Download the full article:  


Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail:

© 2006-2020 AGER