Does credit composition matter for current account dynamics? Evidence from Turkey

Toraganli N., ERTUĞRUL H. M.

Journal of International Trade and Economic Development, cilt.25, sa.8, ss.1090-1100, 2016 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 25 Sayı: 8
  • Basım Tarihi: 2016
  • Doi Numarası: 10.1080/09638199.2016.1188974
  • Dergi Adı: Journal of International Trade and Economic Development
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.1090-1100
  • Anahtar Kelimeler: Credit composition, current account, export, Kalman filter, time varying parameters, Turkey
  • Anadolu Üniversitesi Adresli: Hayır

Özet

Based on a dynamic approach using the Kalman filter we depict effects of time-varying interactions between different components of credit stock on the current account in the Turkish Economy for the period 2002Q3–2014Q3. We decompose the credit stock into consumer and non-financial corporate sector credit and show empirically that both types of credit stock have negative effects on the current account dynamics.