Understanding the Recent Growth in Consumer Loans and Credit Cards in Emerging Markets: Evidence from Turkey

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dc.contributor.authorMazıbaş, Murat
dc.contributor.authorTuna, Yusuf
dc.date.accessioned2020-11-21T15:55:39Z
dc.date.available2020-11-21T15:55:39Z
dc.date.issued2017en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractIn recent years, the surge in household indebtedness to historical heights has become a significant concern for developed economies. A similar trend has been witnessed in emerging market countries including Turkey. Our objective is to help further understand the dynamics of the recent growth in consumer loans and credit cards (CLCC) in Turkey. For this purpose, we investigate the long-term equilibrating relationships and short-term deviations from the equilibrium, and explore the determinants, directions, and strengths of causality relationships between CLCC and the selected macroeconomic variables, and analyze the dynamic interactions among the variables in the post-sample period by analyzing how CLCC responds to the shocks given to other macroeconomic variables and the contribution of each variable on the forecast variability of CLCC. We use monthly data for the period of January 2004—December 2013 of seven macroeconomic variables of money supply, interest rate, income, consumer confidence, inflation, stock market, and consumer goods imports. On empirical findings, we make suggestions about which policy tools should be used to influence, and if necessary to manage, the growth in CLCC. Copyright © Taylor & Francis Group, LLC.en_US
dc.identifier.doi10.1080/1540496X.2016.1196895en_US
dc.identifier.endpage2346en_US
dc.identifier.issn1540496X
dc.identifier.issue10en_US
dc.identifier.scopus2-s2.0-85028524440en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage2333en_US
dc.identifier.urihttps://doi.org/10.1080/1540496X.2016.1196895
dc.identifier.urihttps://hdl.handle.net/11467/4031
dc.identifier.volume53en_US
dc.identifier.wosWOS:000410853400012en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledgeen_US
dc.relation.ispartofEmerging Markets Finance and Tradeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectARDL modelsen_US
dc.subjectcointegrationen_US
dc.subjectconsumer loansen_US
dc.subjectcredit cardsen_US
dc.subjectemerging marketsen_US
dc.subjectGranger causalityen_US
dc.subjectimpulse responseen_US
dc.subjectmonetary policyen_US
dc.subjectvariance decompositionen_US
dc.titleUnderstanding the Recent Growth in Consumer Loans and Credit Cards in Emerging Markets: Evidence from Turkeyen_US
dc.typeArticleen_US

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