{"id":2888,"date":"2014-11-02T21:43:08","date_gmt":"2014-11-02T19:43:08","guid":{"rendered":"http:\/\/www.berjournal.com\/?p=2888"},"modified":"2014-11-02T21:43:08","modified_gmt":"2014-11-02T19:43:08","slug":"an-investigation-on-the-relationship-between-credit-volume-and-current-account-deficit-in-turkey","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/an-investigation-on-the-relationship-between-credit-volume-and-current-account-deficit-in-turkey","title":{"rendered":"An Investigation on the Relationship Between Credit Volume and Current Account Deficit in Turkey"},"content":{"rendered":"\n\n\n\n
Article Information<\/td>\n<\/tr>\n
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Journal:<\/td>\nBusiness and Economics Research Journal<\/td>\n<\/tr>\n
Title of Article:<\/td>\nAn Investigation on the Relationship Between Credit Volume and Current Account Deficit in Turkey<\/td>\n<\/tr>\n
Author(s):<\/td>\nAydanur Gacener At\u0131\u015f,\u00a0Fatih Sayg\u0131l\u0131<\/td>\n<\/tr>\n
Volume:<\/td>\n5<\/td>\n<\/tr>\n
Number:<\/td>\n4<\/td>\n<\/tr>\n
Year:<\/td>\n2014<\/td>\n<\/tr>\n
Page:<\/td>\n129-141<\/td>\n<\/tr>\n
ISSN:<\/td>\n1309-2448<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
Abstract<\/td>\n<\/tr>\n
Following the 2008 global financial crisis, Turkey\u2019s current account deficit has deteriorated due to a rapid growth of total credit volume and the appreciation of domestic currency. In 2010, the Central Bank of Turkey implemented a new monetary policy to improve domestic financial stability. The new policy was designed to maintain a sustainable current account deficit by reducing total domestic credit volume. The aim of this paper is to explore the impact of the domestic credit volume on Turkey\u2019s current account deficit. The relationship between the credit growth and current account is analyzed by using quarterly data over the period 1998:1-2013:1. An econometric VECM technique and Granger Causality tests are used to analyze and to detect the long-run relationship between variables. Our findings indicate that the total credit growth has a limited but an adverse effect on the current account deficit.<\/td>\n<\/tr>\n
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Keywords:<\/td>\nCurrent account deficit, credit volume, cointegration, granger causality, vector error correction mechanism<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
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JEL Classification:<\/td>\nE42, E51, F32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Article Information Journal: Business and Economics Research Journal Title of Article: An Investigation on the Relationship Between Credit Volume and Current Account Deficit in Turkey Author(s): Aydanur Gacener At\u0131\u015f,\u00a0Fatih Sayg\u0131l\u0131 Volume: 5 Number: 4 Year: 2014 Page: 129-141 ISSN: 1309-2448 Abstract Following the 2008 global financial crisis, Turkey\u2019s current account deficit has deteriorated due to […]<\/p>\n

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