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dc.contributor.authorBahadır, Berrak
dc.contributor.authorGumus, I.
dc.date.accessioned2017-01-24T07:45:28Z
dc.date.available2017-01-24T07:45:28Z
dc.date.issued2016
dc.identifier.issn1873-0353en_US
dc.identifier.urihttp://hdl.handle.net/10679/4721
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S0022199616301167
dc.description.abstractThis paper analyzes the differential effects of household and business credit dynamics on business cycles in emerging market economies. We first provide evidence that existing results relating credit expansions to economic expansions, real exchange rate appreciations and trade deficits hold more strongly for household credit than business credit. Then, using a two-sector real business cycle model of a small open economy, we study the model dynamics generated by shocks to household credit and business credit, the latter further divided into credit to tradable and nontradable sectors. The results show that the three types of credit shocks generate different dynamics in sectoral input and output levels as well as the real exchange rate. The model successfully generates the comovement between the cycle and different credit types, matching the strong positive correlation of household credit with output and real exchange rate, and the negative correlation with net exports. Our results underline the importance of distinguishing between household and business credit in studying credit dynamics.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.ispartofJournal of International Economicsen_US
dc.rightsrestrictedAccess
dc.titleCredit decomposition and business cycles in emerging market economiesen_US
dc.typeArticleen_US
dc.peerreviewedyesen_US
dc.publicationstatuspublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID & YÖK ID 234939) Bahadır, Berrak
dc.contributor.ozuauthorBahadır, Berrak
dc.identifier.volume103en_US
dc.identifier.startpage250en_US
dc.identifier.endpage262en_US
dc.identifier.wosWOS:000390510100016
dc.identifier.doi10.1016/j.jinteco.2016.10.003en_US
dc.subject.keywordsHousehold crediten_US
dc.subject.keywordsBusiness crediten_US
dc.subject.keywordsBusiness cyclesen_US
dc.subject.keywordsCredit shocksen_US
dc.identifier.scopusSCOPUS:2-s2.0-84994559752
dc.contributor.authorFemale1
dc.relation.publicationcategoryArticle - International Refereed Journal - Institutional Academic Staff


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