THE CREDIT CYCLE AND THE BUSINESS CYCLE IN THE ECONOMY OF TURKEY

被引：0
|
作者：
Yigitbas, Sehnaz Bakir [1 ]
机构：
[1] Canakkale Onsekiz Mart Univ, Istanbul, Turkey
来源：
SOCIOINT14: International Conference on Social Sciences and Humanities | 2014年
关键词：
Business cycle; Credit cycle;
D O I：
暂无
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
This study examines econometric relationships between bank lending and the business cycle in Turkey. Firstly the cyclical component of the real GDP and real bank loans were determined using time series. A cointegration analysis and a vector error-correction model with quarterly data were used for 1987:01-2013:03 period. The results of cointegration analysis indicate that there is a single stable long-run equilibrium relationship between real bank loans and macroeconomic variables. The response of bank loans to GDP shocks is positive. Bank loans have pro-cyclical character in Turkey.
引用
收藏
页码：376 / 383
页数：8
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