Bank credit

    Papers & Opinions

    Banking | Electoral politics | Empirics | Political institutions

    The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey

    Opinion

    Posted on 16 September 2021

    By Orkun Saka

    Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further into its political colors. This piece discusses the...
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    Banking | Electoral politics | Empirics

    Lending Cycles and Real Outcomes: Costs of Political Misalignment

    Paper

    Posted on 30 July 2021

    By Orkun Saka

    We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending around local elections...
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