Does credit composition matter for current account dynamics? Evidence from Turkey
Journal of International Trade and Economic Development, vol.25, no.8, pp.1090-1100, 2016 (SSCI, Scopus)
- Publication Type: Article / Article
- Volume: 25 Issue: 8
- Publication Date: 2016
- Doi Number: 10.1080/09638199.2016.1188974
- Journal Name: Journal of International Trade and Economic Development
- Journal Indexes: Social Sciences Citation Index (SSCI), Scopus
- Page Numbers: pp.1090-1100
- Keywords: Credit composition, current account, export, Kalman filter, time varying parameters, Turkey
- Anadolu University Affiliated: No
Abstract
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.