International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1637
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Assoc. Prof. Dr. Özge Korkmaz
Session : 3D Finans III
The Effect of the Credit Bubbles on Economic Instability: The Sample of Turkey in 1998 - 2016 Period
Kredi Balonlarının Ekonomik İstikrarsızlık Üzerine Etkisi: 1998 -2016 Dönemi Türkiye Örneği
- Assoc. Prof. Dr. Özge Korkmaz (Malatya Turgut Özal University, Türkiye)
Abstract
A country having a stable economy is directly related with its financial stability. Especially in recent years, we face the incurring debts as the most important problem of the individuals and countries, these problems must be taken into consideration, and the influence of indebtedness on economic stability must be investigated. In other words, the source of the excessive indebtedness, which directs the economic stability, must be defined well. For this purpose, in the study, the credit bubbles have been considered as the factors triggering the indebtedness, and the effects of the credit bubbles on economic instability in Turkey has been investigated. For this purpose, first of all, the dates when the credit bubbles were incurred were determined, and then the factors influencing the economic instability have been examined. In this study, the three-month data of the 1998:01-2016:01 period for Turkey, the economic instability indicators, and the credit bubbles have been considered. By using the Sup ADF (SADF) and Generalized Sup ADF (GSADF) tests, the credit bubbles were determined.
JEL codes: B22, C01, B26
Korkmaz, Özge (2016). "The Effect of the Credit Bubbles on Economic Instability: The Sample of Turkey in 1998 - 2016 Period" in Proceedings of International Conference of Eurasian Economies 2016, pp.667-676, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01637
