Buradasınız

Anasayfa » Content

ASİMETRİK ENFORMASYON VE MARJİNAL MALİYET FİYATLAMA MODELİ ÇERÇEVESİNDE TÜRKİYE’DE KREDİ TAYINLAMASI VE FAİZ ORANLARININ TAHMİNİ

Estimating of Credit Rationing and Interest Rates In Turkey Within The Framework of Asymmetric Information and Marginal Cost Pricing

Journal Name:

  • Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi

Publication Year:

  • 2003

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
In this study, relationship between interest rates and credit rationing examined for banks within the togetherness Asymmetric Information Theory and Marginal Cost Pricing Modelling. Error correction method has been used for estimating the long run relationship of credit and deposit interest rates. For the existence of long run relationship Johensen Co- Integration tests were employed. This study used monthly data for 1985.1 and 2002.1 period and the findings partially confirmed the theory.
Bookmark/Search this post with
Abstract (Original Language): 
Yapılan çalışmada bankaların, Asimetrik Enformasyon Teorisi ve Marjinal Maliyet Fiyatlama Modelinin birlikteliği içinde kredi tayınlaması ve faiz oranları arasındaki ilişki ele alınmıştır. Kredi faizleri ile diğer mevduat faizleri arasındaki uzun dönemli ilişkisinin tahmininde hata–düzeltme modeli kullanılmaktadır. Uzun dönem ilişkisinin varlığı için Johansen koentegrasyon testlerine başvurulmuştur. Türkiye ile ilgili 1985.1- 2002.1 dönemlerini kapsayan aylık veriler kullanılarak yapılan uygulamanın, teorik sonuçları kısmen doğruladığı ortaya çıkmıştır
FULL TEXT (PDF): 
PDF icon arastirmax-asimetrik-enformasyon-marjinal-maliyet-fiyatlama-modeli-cercevesinde-turkiyede-kredi-tayinlamasi-faiz-oranlarinin-tahmini.pdf
  • 1
1-17
  • Turkish

REFERENCES

References: 

Akerlof, George.A,. (1994), “ Looting: The Economic Underworld of Bankruptcy for
Profit”, NBER Working Papers, No.r 1869, April.
Akerlof, George.A,.(1970), “ The Market for Lemons : Quality Uncertainty and
Market Mechanizm”, Quarterly Journal of Economics, 84, 488-500.
Banerjee A, Dolado JJ, Galbraith JW, Handry, DF. (1993), Co-integration, Error
Correction and Econometric Analysis of Non-Stationary Data,. Oxford
University Press, New York.
Bester, Helmut.,(1985) “Screening Rationing in Markets with vs. Rationing in Credit
Markets ,75, American Economic Review,75, 850-855.
Doornik J, Hendry DF (1997), Modelling Dynamic Systems Using PcFiml 9.0 for
Windows. International Thomson Business Press London.
Doornik J, Hendry DF (1999), Give Win an Interface to Empirical Modelling.,
Timberlake Consultant Press. Harrow.
Doornik J, Hendry DF (1999), PcGive: Volume 1, Empirical Econometric Modelling
Using. Timberlake Consultant Press. Harrow.
Doornik J, Hendry DF, Nielsen B (1998), “ Inference in Cointegrating Models UK
M1 Revisited.” Journal of Economic Surveys Special Issue, 533-565.
Enders W (1995), Applied Econometric Time Series. J Wiley and Sons Inc. New York.
Engle RF, Granger CWJ (1987), “Cointegration and Error –Correction:Representation,
Estimation and Tasting”,. Econometrica, 55,2: 251-276
Evievs3 User’s Guide 1994-1998 Command and Programming Reference. Micro
Software. USA
Evievs3 User’s Guide 1994-1998 Quantitative Micro Software. USA.
Fremier, Marshall., Gordon, Myron (1965), “ Why bankers Ration Credit”, Quarterly
Journal of Economics, 79, 397-416,
Hendry D.F (1995) Dynamic Econometrics. Oxford University Press, New York.
Hendry D.F, Juselius K (2000) “ Explaining Cointegration: Analysis: Part1.Energy
Journal 21,1:1-42
Mishkin, Frederic S,. (1998), “ The Economics of Money, Banking and Financial
Markets, New York : Addison- Wesley.
Stiglitz, Joseph.and Andrew Weiss (1981), “Credit Rationing in Markets with
Imperfect Information”, American Economic Review, 71, 393-410.
Stiglitz, Joseph.and Andrew Weiss, (1987), “Credit Rationing: Reply ”, American
Economic Review, 77, 393-410.
Winker, Peter,. (1999), “ Sluggish Adjustment of Interest Rates and Credit Rationing:
an Application of Unit Root Testing and Error Correction Modelling”, Applied
Economics, 31, 267-277.

Thank you for copying data from http://www.arastirmax.com