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Consumer loan rate dispersion and the role of competition : evidence from Turkish banking industry
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dc.contributor.author | Baziki, SB | |
dc.contributor.author | Kilic, Y | |
dc.contributor.author | Yilmaz, MH | |
dc.date.accessioned | 2023-07-24T14:31:04Z | |
dc.date.available | 2023-07-24T14:31:04Z | |
dc.date.issued | 2022-04-21 | |
dc.identifier | 291013491 | |
dc.identifier | 2e9f3441-d8ac-4a87-bbe3-478a62518424 | |
dc.identifier | 000797201600002 | |
dc.identifier | 85124139071 | |
dc.identifier.citation | Baziki , SB , Kilic , Y & Yilmaz , MH 2022 , ' Consumer loan rate dispersion and the role of competition : evidence from Turkish banking industry ' , Central Bank Review , vol. 22 , no. 1 , pp. 27-47 . https://doi.org/10.1016/j.cbrev.2022.01.001 | en |
dc.identifier.issn | 1303-0701 | |
dc.identifier.uri | https://hdl.handle.net/10023/28011 | |
dc.description.abstract | This paper investigates the degree of dispersion in the loan pricing of commercial banks and its association with competitive conditions in the banking industry of a large emerging economy. To quantify the lending rate variability in consumer loans, we utilize a new indexation mechanism exploiting a detailed bank-level dataset for the period January 2007–April 2020. With panel convergence methods, we show the existence of heterogeneity in long-term co-movements among banks' loan pricing, while periods following the tightening in financial conditions display short-term deviations from general tendencies as demonstrated by dispersion indices. Our empirical design also entails the construction of competition indicators for aggregated and consumer segment-based credit market developments. Quantile regression results validate that the improvements in industry competition are related to the lower level of lending rate dispersion in housing and vehicle segments in a statistically significant manner, whereas an opposite relationship is evident for general-purpose loans. | |
dc.format.extent | 21 | |
dc.format.extent | 2252385 | |
dc.language.iso | eng | |
dc.relation.ispartof | Central Bank Review | en |
dc.subject | Competition | en |
dc.subject | Loan rate dispersion | en |
dc.subject | Log-t convergence test | en |
dc.subject | Quantile regression | en |
dc.subject | 3rd-NDAS | en |
dc.subject | NIS | en |
dc.subject | MCC | en |
dc.title | Consumer loan rate dispersion and the role of competition : evidence from Turkish banking industry | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. School of Management | en |
dc.contributor.institution | University of St Andrews. Finance (Business School) | en |
dc.identifier.doi | https://doi.org/10.1016/j.cbrev.2022.01.001 | |
dc.description.status | Peer reviewed | en |
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