International Conference on Eurasian Economies
5-7 October 2017 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 1961
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Assoc. Prof. Dr. Sıtkı Sönmezer
Session : 3C Finans I
Relationship Between Mortgage Loans and Macroeconomic Values and Financial Returns
Konut Kredi Hacminin Gelişimi ile Makroekonomik Değerler ve Finansal Getirilerin İlişkisi
- Assoc. Prof. Dr. Sıtkı Sönmezer (Istanbul Commerce University, Türkiye)
- Mr. Yusuf Pala (AMASYA ÜNİVERSİTESİ, Türkiye)
Abstract
This study has examined mortgage loan usage in terms of macroeconomic figures that may affect consumer behavior and financial instruments' returns. Multi regression analysis has been accompanied by preliminary tests such as ADF, VIF, Jarque Bera, Durbin Watson and White Tests. Results indicate that there is negative significant relationship among Mortgage loan volume and gold returns, unemployment rate, real mortgage rates and CPI. Whereas, significant positive relation has been determined with price index of new houses, USD return and consumer confidence index. The most significant relationship is determined with unemployment rate and the weakest relation is with the consumer confidence index.
JEL codes: E44, R31
Sönmezer, Sıtkı, Pala, Yusuf (2017). "Relationship Between Mortgage Loans and Macroeconomic Values and Financial Returns" in Proceedings of International Conference of Eurasian Economies 2017, pp.320-327, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C09.01961
