Turkey: Credit Shock & the Economy
Published on Tuesday, October 10, 2017
Turkey: Credit Shock & the Economy
Summary
Since the implementation of the Credit Guarantee Fund (KGF) last March, it has provided some extra GDP growth through both the increase in supply and demand of credit, but it will also have side effects. In this watch, we use a Sign Restrictions SVAR model to disentangle the effects of the KGF on the economy from both supply and demand of credit.
Geographies
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- Türkiye
Topics
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- Macroeconomic Analysis
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Authors
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data