International Congress on Eurasian Economies

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

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

Full paper in PDF format.

Session 3C: Finans I

Eurasian Economists Association Kyrgyz-Turkish Manas University Istanbul Beykent University Doğuş University