Original scientific paper
The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area
Oguzhan Ozcelebi
Full text: croatian pdf 131 Kb
page 47-78
downloads: 638
cite
APA 6th Edition
Ozcelebi, O. (2012). The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area. Privredna kretanja i ekonomska politika, 22 (133), 47-78. Retrieved from https://hrcak.srce.hr/97599
MLA 8th Edition
Ozcelebi, Oguzhan. "The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area." Privredna kretanja i ekonomska politika, vol. 22, no. 133, 2012, pp. 47-78. https://hrcak.srce.hr/97599. Accessed 21 Nov. 2024.
Chicago 17th Edition
Ozcelebi, Oguzhan. "The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area." Privredna kretanja i ekonomska politika 22, no. 133 (2012): 47-78. https://hrcak.srce.hr/97599
Harvard
Ozcelebi, O. (2012). 'The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area', Privredna kretanja i ekonomska politika, 22(133), pp. 47-78. Available at: https://hrcak.srce.hr/97599 (Accessed 21 November 2024)
Vancouver
Ozcelebi O. The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area. Privredna kretanja i ekonomska politika [Internet]. 2012 [cited 2024 November 21];22(133):47-78. Available from: https://hrcak.srce.hr/97599
IEEE
O. Ozcelebi, "The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area", Privredna kretanja i ekonomska politika, vol.22, no. 133, pp. 47-78, 2012. [Online]. Available: https://hrcak.srce.hr/97599. [Accessed: 21 November 2024]
Full text: english pdf 379 Kb
page 47-78
downloads: 969
cite
APA 6th Edition
Ozcelebi, O. (2012). The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area. Privredna kretanja i ekonomska politika, 22 (133), 47-78. Retrieved from https://hrcak.srce.hr/97599
MLA 8th Edition
Ozcelebi, Oguzhan. "The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area." Privredna kretanja i ekonomska politika, vol. 22, no. 133, 2012, pp. 47-78. https://hrcak.srce.hr/97599. Accessed 21 Nov. 2024.
Chicago 17th Edition
Ozcelebi, Oguzhan. "The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area." Privredna kretanja i ekonomska politika 22, no. 133 (2012): 47-78. https://hrcak.srce.hr/97599
Harvard
Ozcelebi, O. (2012). 'The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area', Privredna kretanja i ekonomska politika, 22(133), pp. 47-78. Available at: https://hrcak.srce.hr/97599 (Accessed 21 November 2024)
Vancouver
Ozcelebi O. The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area. Privredna kretanja i ekonomska politika [Internet]. 2012 [cited 2024 November 21];22(133):47-78. Available from: https://hrcak.srce.hr/97599
IEEE
O. Ozcelebi, "The Role of Interest Rates and Credits in Explaining Output Variations: Empirical Evidence from Turkey and the Euro Area", Privredna kretanja i ekonomska politika, vol.22, no. 133, pp. 47-78, 2012. [Online]. Available: https://hrcak.srce.hr/97599. [Accessed: 21 November 2024]
Abstract
This study aims to analyze the effects of monetary policy on real economic activity in the cases of Turkey and the euro area by investigating the role of financial intermediaries. Structural vector error correction (SVEC) models are used to examine the effects of short-term interest rates and credit activity on output. Empirical results reveal that short-term interest rates and credits may affect Turkey’s output in the short run, whereas changes in short-term interest rate and credit volume do not have a significant long-term impact on real economic activity either in Turkey or the euro area.
Keywords
interest rates; credits; real economic activity; SVEC model; Turkey; the euro area
Hrčak ID:
97599
URI
https://hrcak.srce.hr/97599
Publication date:
26.2.2013.
Article data in other languages:
croatian
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