In Search of a Reasonable Credit Growth Rate for Turkey
We present a cross country analysis of credit growth and draw implications for Turkey. Similar credit deepening phases in many countries suggest a stable ratio of net credit use (change in credit stock) with respect to national income. To this end, we calculate an interval for this ratio in a sample of selected countries and assess the implications of this interval for Turkey’s medium to long term credit stock projections.
Volume (Year): 14 (2014)
Issue (Month): 1 ()
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- Marco Terrones & Enrique G. Mendoza, 2008.
"An Anatomy of Credit Booms; Evidence From Macro Aggregates and Micro Data,"
IMF Working Papers
08/226, International Monetary Fund.
- Enrique G. Mendoza & Marco E. Terrones, 2008. "An anatomy of credit booms: evidence from macro aggregates and micro data," International Finance Discussion Papers 936, Board of Governors of the Federal Reserve System (U.S.).
- Enrique G. Mendoza & Marco E. Terrones, 2008. "An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data," NBER Working Papers 14049, National Bureau of Economic Research, Inc.
- A. Hakan Kara, 2012. "Monetary Policy in Turkey After the Global Crisis," Working Papers 1217, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Òscar Jordà & Moritz Schularick & Alan M Taylor, 2011. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(2), pages 340-378, June.
- Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2010. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," NBER Working Papers 16567, National Bureau of Economic Research, Inc.
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