Effectiveness of monetary and macroprudential shocks on consumer credit growth and volatility in Turkey
This paper proposes a panel VAR model to uncover the effect of monetary policy and macroprudential tightening probability on general purpose loans, housing loans, vehicle loans, credit cards and their respective volatilities in Turkey. To conduct our analysis, first, we compare a number of stochasti...
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| Format: | Article |
| Language: | English |
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Elsevier
2018-06-01
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| Series: | Central Bank Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070118300143 |