Does credit composition matter for current account dynamics? Evidence from Turkey
Journal of International Trade and Economic Development, cilt.25, sa.8, ss.1090-1100, 2016 (SSCI, Scopus)
- 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.