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Kaldıraç Döngüselliği Finansal Çevrimler Kredi Çevrimleri Finansal Hızlandırıcı Mekanizma
The purpose of this study
is to investigate the procyclicality of the leverage structure of the banks
operated in banking sector in the term of 2006 January-2018 January. In order
to determine the procyclicality, the relationship between the changes of
leverage rate and asset was investigated by regression analysis. The
estimations of the regression analysis indicate that the asset change affects
the leverage rate change positive direction and statisticallly significant.
This result shows that the leverage is procyclical. Leverage procylicality
can cause increase in the leverage rate and trigger of the financial cycles
and the credit cycles each other during periods when the banks assets grow.
In this way, it can be said that by taking approach the leverage as a
financial accelerator mechanism, with determined countercyclical policy
during financial expansion periods, the precautions can be developed that can
decrease macro risks.
Leverage Procyclicality Financial Cycles Credit Cycles Financial Accelerator Mechanism
Birincil Dil | Türkçe |
---|---|
Bölüm | Makaleler |
Yazarlar | |
Yayımlanma Tarihi | 30 Ağustos 2019 |
Gönderilme Tarihi | 6 Ağustos 2018 |
Yayımlandığı Sayı | Yıl 2019 Cilt: 14 Sayı: 2 |