دینامیک وامهای غیرفعال در بخش بانکی ترکیه به وسیله تقسیم مالکیت: تاثیر بحران جهانی

This paper explores the impact of the global crisis on the dynamics of non-performing loans in the Turkish banking sector by ownership. Estimation results suggest that the crisis affected these dynamics differently across banks, which implies that policy implications are uneven. This has important consequences regarding the effectiveness of monetary and the macroprudential policy, which prompt policymakers to consider ownership in policy design. To enhance policy effectiveness, adding ownership-specific explanatory variables may enable better representation of the non-performing loan dynamics. A vintage loan analysis may also help by allowing policymakers to directly identify the loan type, which generates non-performing loans.