FINANCIALIZATION OF HOUSEHOLD SECTOR IN TURKEY., 2000-2013
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 12
Abstract
In financialization age which is last stage of capitalism, traditional banking governance have changed their role. Banking has become mainly dependent on lending individuals without regulation. Household indebtedness was a contributing factor to the financial crisis as homeowners were unable to meet their debt obligations, such as rising credits, credit card payments. We empirically examine the relationship between Turkey output and household debt. To account for structural change due to financial deregulation, we divide the sample at the after 2000 year. In the regression analysis post 2000, we find some evidence that household debt variables had positive effect on output.
Authors and Affiliations
Işıl Tellalbaşı| Abant Izzet Baysal University/Turkey
Keywords
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