BANKA KREDILERI VE ENFLASYON ARASINDAKI ILISKI: TURKIYE UZERINE EKONOMETRIK BIR ANALIZ (1983-2007)

Ibrahim Arslan () and Sevda Yaprakli ()
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Ibrahim Arslan: Gaziantep Üniversitesi I.I.B.F.
Sevda Yaprakli: Atatürk Üniversitesi I.I.B.F.

Istanbul University Econometrics and Statistics e-Journal, 2008, vol. 7, issue 1, 88-103

Abstract: In this study, one of the most controversial debates of economics literature, namely the relationship between bank credits and inflation is studied in the context of Turkish economy. In the study, covering 1983-2007 period, total bank credits and inflation (PPI) are used. The relationships between bank credits and inflation rate are analyzed econometrically by employing Johansen cointegration analysis and error correction model. According to the results, bank credits is negatively effected by inflation, while inflation is positively effected by bank credits in the long run. Furthermore, error correction-augmented Granger causality tests show that bi-directional causality exists between bank credits and inflation.

Keywords: Bank Credits; Inflation; Turkey Economy; Time Series; Unit Root; Cointegration; Weak Exogenity; Granger Causality; VEC Model (search for similar items in EconPapers)
JEL-codes: C50 E20 E59 E64 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ist:ancoec:v:7:y:2008:i:1:p:88-103

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