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Banka Kredileri Ve Enflasyon Arasindaki Iliski: Turkiye Uzerine Ekonometrik Bir Analiz (1983-2007)

Author

Listed:
  • Ibrahim ARSLAN

    () (Gaziantep Üniversitesi I.I.B.F.)

  • Sevda YAPRAKLI

    () (Atatürk Üniversitesi I.I.B.F.)

Abstract

In this study, one of the most controversial debates of economics literature, namely the relationship between bank credits and inflation is studied in the context of Turkish economy. In the study, covering 1983-2007 period, total bank credits and inflation (PPI) are used. The relationships between bank credits and inflation rate are analyzed econometrically by employing Johansen cointegration analysis and error correction model. According to the results, bank credits is negatively effected by inflation, while inflation is positively effected by bank credits in the long run. Furthermore, error correction-augmented Granger causality tests show that bi-directional causality exists between bank credits and inflation.

Suggested Citation

  • Ibrahim ARSLAN & Sevda YAPRAKLI, 2008. "Banka Kredileri Ve Enflasyon Arasindaki Iliski: Turkiye Uzerine Ekonometrik Bir Analiz (1983-2007)," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 7(1), pages 88-103, May.
  • Handle: RePEc:ist:ancoec:v:7:y:2008:i:1:p:88-103
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    Keywords

    Bank Credits; Inflation; Turkey Economy; Time Series; Unit Root; Cointegration; Weak Exogenity; Granger Causality; VEC Model;

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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