The Sector Balance Sheet and Macroeconomic Indicators Influence on Liability Dolarization in Turkey
Yücel Ayrıçay and
Meltem Kılıç
Additional contact information
Yücel Ayrıçay: Kahramanmaraş Sütçü İmam University
Meltem Kılıç: Kahramanmaraş Sütçü İmam University
Journal of Finance Letters (Maliye ve Finans Yazıları), 2021, vol. 36, issue Special2, 97-112
Abstract:
The aim of this study is to examine whether the rates and macroeconomic indicators obtained from the balance sheets of real sector explain liability dollarization. In the study, company-specific values and macroeconomic indicators obtained from the CBRT’s Sector Balance Sheets are used. Debt dollarization is calculated by the ratio of sectors’foreign currency cash loans to total cash loans. The data obtained with the values of the CBRT’s Sector Balance Sheets published between 2003-2016 were tested by panel data analysis. As a result of empirical analysis, it has been determined that firm-specific values and macroeconomic indicators explain the debt dollarization rate in real sectors.
Keywords: Liability dollarization; Macroeconomic indicators; Panel data analysis. (search for similar items in EconPapers)
JEL-codes: C23 E52 G1 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:
Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/1458306 (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:36:y:2021:i:special2:p:97-112
DOI: 10.33203/mfy.843723
Access Statistics for this article
Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale
More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().