Türkiye'de Aşırı Kredi Genişlemeleri ve Belirleyicileri
[Determinants of Credit Booms in Turkey]
AbstractUsing different credit measures, this study identifies the credit booms in Turkey that have occurred after December 2002, and examines their determinants. We find that the primary factors that have a strong correlation with the probability of a credit boom are the changes in the slope of the yield curve, reel exchange rate, US interest rate and net capital inflows. The results imply that these factors should be considered as important elements in forecasting such events that could threaten financial stability.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 38032.
Date of creation: 01 Jan 2012
Date of revision:
Credit booms; financial stability; logit model; Turkey;
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-04-17 (All new papers)
- NEP-ARA-2012-04-17 (MENA - Middle East & North Africa)
- NEP-MAC-2012-04-17 (Macroeconomics)
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