Binici, Mahir and Köksal, Bülent (2012): Türkiye'de Aşırı Kredi Genişlemeleri ve Belirleyicileri.
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Using 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.
|Item Type:||MPRA Paper|
|Original Title:||Türkiye'de Aşırı Kredi Genişlemeleri ve Belirleyicileri|
|English Title:||Determinants of Credit Booms in Turkey|
|Keywords:||Credit booms, financial stability, logit model, Turkey|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply; Credit; Money Multipliers
E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
|Depositing User:||Bulent Koksal|
|Date Deposited:||11. Apr 2012 13:18|
|Last Modified:||12. Feb 2013 08:37|
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