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YABANCI PARA CİNSİNDEN BORCU OLANLARIN BAĞIMSIZ DIŞ DENETİM VE BİLDİRİM ZORUNLULUĞUNUN NEDENİ OLARAK KREDİ DOLARİZASYONUNUN TARİHİ BOYUTLARI

Year 2019, , 121 - 139, 28.03.2019
https://doi.org/10.31460/mbdd.441398

Abstract



Kredi
dolarizasyonu olarak tanımlanabilecek ülkedeki yerleşiklerin sahip
oldukları  yabancı para cinsinden
krediler, döviz kurunda bir oynama olduğunda ekonominin tümü için bir maliyet
oluşturacağı için dikkatle izlenmesi gereken bir değişkendir. Bu nedenle,
yurt içinden ve yurt dışından sağlanan yabancı para nakdi
krediler ile dövize endeksli kredilerinin toplamı Merkez Bankası tarafından
izlenmektedir.  Yabancı para cinsinden
borçlanmanın finansal kriz olasılığına katkı yapıp yapmadığının araştırılması
bu çalışmanın temel argümanı olmaktadır.




References

  • Adrian, A., Ize, A., Yeyati, E.,Y., 2006, ‘Financial Dollarization: The Policy Agenda’, http://books.google.com.tr/books?id=LF2ARdA8u6sC
  • Akçay, O. C., Alper, C.E., Karasulu, M. , 1997, ‘Currency Substitution and Exchange Rate Instability: The Turkish Case’, European Economic Review, 41
  • Ardıç, O.P.., Selçuk , F, 2006, ‘The dynamics of a newly floating exchange rate: the Turkish case,’, Applied Economics, , vol. 38(8)
  • Arteta, C., Ó., ‘Are Financially Dollarized Countries More Prone to Costly Crises?’, Board of Governors of the Federal Reserve System International Finance Discussion Papers Number 763, March 2003
  • Barajas, A., Morales, R.A., ‘Dollarization Of Liabilities: Beyond Usual Suspects’, January 2003, Working Paper No: 03/11, Wahington D.C., International Monetary Fund
  • Bergsten, C., F., 1996, ‘Dilemmas Of The Dollar’, New York University Press, Second Edition
  • Berg, A., Borensztein, E., 2000, ‘The Dollarization Debate’, Finance And Development, http://www.imf.org/external/pubs/ft/fandd/2000/03/berg.htm
  • Billmeier, A., Mathisen, J., 2006, ‘Analyzing Balance-Sheet Vulnerabilities in a Dollarized Economy: The Case of Georgia, Working Paper No:06/173, International Monetary Fund.
  • Bleaney, M., Bougheas, S., Skamnelos, I., 2008, ‘A Model Interactions Between Banking Crisis And Currency Crisis’, Journal Of International Money And Finance, 27, 695-706
  • Broda,C., Yeyati, E.L., 2003, ‘Endogenous Deposit Dollarization’, Federal Reserve Bank Of New York Staff Reports, No. 160
  • Cabellero, R., Krishnamurthy, A., 2003, ‘Excessive Dolar Debt: Financial Development And Underinsurance’, Journal Of Finance, 58, 2
  • Calvo, G., Vegh, C.A., ‘Currency Substitution In Developing Countries: An Introduction’, 1992, Working Paper No:92/40, Wahington D.C
  • Catao, L., Terrones, M.E., 2000, Determinants Of Dollarization: The Banking Side’, IMF Working Paper No. 00/146
  • Chang, R., 2000, ‘Dollarization: A scorecard’, EconomicReview, Federal Reserve Bank of Atlanta; Third Quarter 2000; 85, 3, s.1-11
  • Civcir, İ., 2003, ‘Dolarization and Its Long-run Determinants in Turkey’, Middle East Ecoconc Series
  • Cuddington, J.T., 1983, ‘Currency Substitution, Capital Mobility And Money Demand’, Journal Of International Money And Finance 2, 1
  • Domaç, İ., Martinez Peria, M., 2003, Banking Crisis And Exchange Regimes:Is There A Link?’, Journal Of International Economics, 61,1.
  • Eichengreen,B.,Rose, A.K., Wyplosz, C., 1996, Contagious Currency Crisis, NBER Working Paper Series 5681
  • Engle, R.F., Granger, C.W.J., 1987, “Cointegration And Error Correction: Representation Estimation And Testing”, Econometrica 55
  • Enders, W, 1995, ‘Applied Econometric Time Series’, Wiley Series In Probability And Mathematical Statistics, New York
  • Feige, E., L., Dean, J., 2002, ‘Dollarization And Euroization İn Transition Countries: Currency Substitution, Asset Substitution, Network Externalities And Irreversibility’, International Conference On “Euro And Dollarization: Forms Of Monetary Union İn Integrating Regions, Fordham University, New York
  • Feige, E.L., 2002, ‘The Dynamics Of Currency Substitution, Asset Substitution And De Facto Dollarization And Euroization İn Transition Countries’, The Eighth Dubrovnik Economic Conference: Monetary Policy And Currency Substitution In The Emerging Markets, Dubrovnik
  • Feige, E., L., Faulend, M., Šonje, V., Šošić1, V., 2000, ‘Currency Substitution, Unofficial Dollarization And Estimates Of Foreign Currency Held Abroad: The Case Of Croatia’, Sixth Dubrovnik Economic Conference, Dubrovnik
  • Feldstein, Martin,2002, ‘Economic And Financial Crisis In Emerging Market Economies: Overview Of Prevention And Management’nber Wp Series,Wp8837
  • Feridun, M, 2007, ‘Determinants of Currency Crises in Emerging Markets: An Empirical Investigation on Turkey’, Department Of Economics Discussion Paper Series, WP2007-01
  • Flood, R. And Marion, N. 1999. Perspectives On The Recent Currency Crisis Literature.International Journal Of Finance And Economics 4, 1–26.
  • Granger, C.,W.,J., Ghsels,E., Wanson, N.R., Watson, M., W., 2001, Essays In Econometrics: Causality, İntegration, Cointegration And Long Memory, Cambridge University Pres, http://books.google.com.tr/books?id=cafyVrxF5uwC
  • Henderson, D. And Salant, S. 1978. Market Anticipations Of Government Policies And The Price Of Gold. Journal Of Political Economy 86, 627–48.
  • Honig, A., ‘Dollarization, Exchange Rate Regimes And Government Quality’, Journal Of International Money And Finance 28 (2009) 198–214
  • Honıg, Adam, 2006, ‘Is There A Lınk Between Dollarızatıon And Bankıng Crıses?’, Journal Of International Development, 18, 1123–1135
  • IMF, 1998, Financial Crisis: Characteristics And İndicators Of Vulnerability’ Chapterıv, World Economic Outlook www.İmf.Org/External/Pubs/Ft/Weo/Weo0598/İndex.Htm
  • Inter-American Development Bank, 2004, ‘Unlocking Credit: The Quest For Deep And Stable Bank Lending’, http://books.google.com.tr/books?id=5lMTxWGjn6gC
  • Ize, A., Yeyati, E., L., 2005, ‘Financial De-Dollarization: Is It For Real?’, Working Papers 05/187, International Monetary Fund.
  • Ize, A. 2005, ‘Financial Dollarization Equilibria: A Framework For PolicyAnalysis’, Working Papers 05/186, International Monetary Fund.
  • Ize, A., Yeyati, E.L., 2003, ‘Financial Dollarization’, Journal Of International Economics 59, S.323–347
  • Ize, A., Parrado,E., 2002, Dollarization, Monetary Policy And The Pass-Through, IMF Working Paper, No:188
  • Jeanne, O., 2002 , ‘Why Do Emerging Economies Borrow In Foreign Currency ?’, Conference ‘Currency And Maturity Matchmaking:Redeeming Debt From Original Sin’, Inter-American Development Bank
  • Joines, D.H., 1985, International Currency Substitution And The İncome Velocity Of Money, Journal Of International Money And Finance 4, 303-316.
  • Kaminsky, G. L., Reinhart, M. (1999); “The Twin Crises : The Causes Of Banking And Balance-Of-Payment Problems”, The American Economic Review 89, 3, P.473.Kennedy, P., 2006, ‘Ekonometri Kılavuzu’, Gazi Kitabevi, Ankara
  • Krugman, P., 1997, ‘Currencies And Crisis’, MIT Pres, LondonKrznar, I., 2004, ‘Currency Crisis: Theory and Practice with Application to Croatia’, Croatian National Bank Working Paper, Vol.12, August
  • Luca, A., Petrova, I., 2003. ‘Credit Dollarization İn Transition Economies: Is İt Firms_ Or Banks_ _Fault_?’ Mimeo. In: Proceedings Of The LACEA Conference, Puebla, Mexico, October.
  • Manasse, P.; Roubini, N. and Schimmelpfennig , 2003, “Predicting Sovereign Debt Crises”, IMF Working Paper No WP/03/221
  • Mendoza, E.G., 2001, ‘The Benefits Of Dollarization Whwn Stabilization Policy Lacks Credibility And Financial Markets Are Imperfect, Journal Of Money, Credit And Banking, Vol:33, No:2
  • Miles, M.A., 1978, Currency Substitution, Flexible Exchange Rate, And Monetary İndependence, American Economic Review 68, 429-436.
  • Morales, J. A., 2003, “Dollarization Of Assets And Liabilities: Problem Or Solution?: The Case Of Bolivia,” Presented At The Bank-Fund Annual Meetings.
  • Mourmouras, A., Russell, S., H.,, 2000, ‘Smuggling, Currency Substitution And Unofficial Dollarization: A Crime-Theoretic Aproach’, Working Paper No: 00/176, Wahington D.C., International Monetary Fund
  • Nicolo, G.D., Honohan, P., Ize, A., 2005, ‘Dollarization Of Bank Deposits: Causes And Consequences’ , Journal Of Banking & Finance , 29, S.1697–1727
  • Nicolo, G.D., Honohan, P., Ize, A., 2003, ‘Dollarization Of The Banking System: Good Or Bad?’, Working Paper No:03/146, Wahington D.C., International Monetary Fund
  • Özcan, K.,M., Us, V., 2006, ‘Dolarizasyon Sürecinde Son Gelişmeler: Türkiye Ekonomisi Örneği’, TİSK Akademi, C.1, S.2, S.98-116
  • Özmen, E., Yalçın, C., 2007, ‘Küresel Finansal Riskler Karşısında Türkiye’de Reel Sektör Finansal Yapısı Ve Borç Dolarizasyonu’, Araştırma Ve Para Politikası Genel Müdürlüğü Çalışma Tebliği No: 07/06
  • Reinhart, C.M., Rogoff, K.S., Savastano, M.A., 2003, ‘Addıcted To Dollars’, National Bureau Of Economic Research Working Paper 10015, Http://Www.Nber.Org/Papers/W10015
  • Rennhack Nozaki , 2006 , Finacial Dollarization In Latin America, IMF Working Paper No:06/7
  • Rodriguez ,G., Rowe, N., 2007, Why U.S. Money Does Not Cause U.S. Output,But Does Cause Hong Kong Output, Journal Of International Money And Finance 26
  • Rosier, B., 1994, İktisadi Kriz Kuramları, İletişim Yayınları, İstanbul
  • Savastano, M., 1996, ‘Dollarization In Latin America: Recent Evidenceand Some Policy Issues’ Imf Working Paper, 96/4, Washington
  • Seyidoğlu, Halil, 1998, Uluslararası İktisat: Teori, Politika Ve Uygulama, Güzem Yayınları, No:14, İstanbul
  • Yeyati, E., L., 2006, ‘Financial Dollarization: Evaluating The Consequences’, Economic Policy, January,
  • Yılmaz, D., 2006, ‘Dollarization Consequences And Policy Options’, International Conference On Dollarization: Consequences And Policy Options, İstanbul
  • Yılmazkuday, H., 2008, Twin Crises In Turkey: A Comparison Of Currency Crisis Models The European Journal of Comparative Economics. , 5, 1
  • Yörükoğlu, M., ., 2006, ‘Economic Convergence And Exchange Rate Regimes’, International Conference On Dollarization: Consequences And Policy Options, İstanbul
  • Williams, R., 2009, “Categorical Data Analysis Sociology 73994”, Www.Nd.Edu/~Rwilliam/Xsoc73994/L08.Pdf
Year 2019, , 121 - 139, 28.03.2019
https://doi.org/10.31460/mbdd.441398

Abstract

References

  • Adrian, A., Ize, A., Yeyati, E.,Y., 2006, ‘Financial Dollarization: The Policy Agenda’, http://books.google.com.tr/books?id=LF2ARdA8u6sC
  • Akçay, O. C., Alper, C.E., Karasulu, M. , 1997, ‘Currency Substitution and Exchange Rate Instability: The Turkish Case’, European Economic Review, 41
  • Ardıç, O.P.., Selçuk , F, 2006, ‘The dynamics of a newly floating exchange rate: the Turkish case,’, Applied Economics, , vol. 38(8)
  • Arteta, C., Ó., ‘Are Financially Dollarized Countries More Prone to Costly Crises?’, Board of Governors of the Federal Reserve System International Finance Discussion Papers Number 763, March 2003
  • Barajas, A., Morales, R.A., ‘Dollarization Of Liabilities: Beyond Usual Suspects’, January 2003, Working Paper No: 03/11, Wahington D.C., International Monetary Fund
  • Bergsten, C., F., 1996, ‘Dilemmas Of The Dollar’, New York University Press, Second Edition
  • Berg, A., Borensztein, E., 2000, ‘The Dollarization Debate’, Finance And Development, http://www.imf.org/external/pubs/ft/fandd/2000/03/berg.htm
  • Billmeier, A., Mathisen, J., 2006, ‘Analyzing Balance-Sheet Vulnerabilities in a Dollarized Economy: The Case of Georgia, Working Paper No:06/173, International Monetary Fund.
  • Bleaney, M., Bougheas, S., Skamnelos, I., 2008, ‘A Model Interactions Between Banking Crisis And Currency Crisis’, Journal Of International Money And Finance, 27, 695-706
  • Broda,C., Yeyati, E.L., 2003, ‘Endogenous Deposit Dollarization’, Federal Reserve Bank Of New York Staff Reports, No. 160
  • Cabellero, R., Krishnamurthy, A., 2003, ‘Excessive Dolar Debt: Financial Development And Underinsurance’, Journal Of Finance, 58, 2
  • Calvo, G., Vegh, C.A., ‘Currency Substitution In Developing Countries: An Introduction’, 1992, Working Paper No:92/40, Wahington D.C
  • Catao, L., Terrones, M.E., 2000, Determinants Of Dollarization: The Banking Side’, IMF Working Paper No. 00/146
  • Chang, R., 2000, ‘Dollarization: A scorecard’, EconomicReview, Federal Reserve Bank of Atlanta; Third Quarter 2000; 85, 3, s.1-11
  • Civcir, İ., 2003, ‘Dolarization and Its Long-run Determinants in Turkey’, Middle East Ecoconc Series
  • Cuddington, J.T., 1983, ‘Currency Substitution, Capital Mobility And Money Demand’, Journal Of International Money And Finance 2, 1
  • Domaç, İ., Martinez Peria, M., 2003, Banking Crisis And Exchange Regimes:Is There A Link?’, Journal Of International Economics, 61,1.
  • Eichengreen,B.,Rose, A.K., Wyplosz, C., 1996, Contagious Currency Crisis, NBER Working Paper Series 5681
  • Engle, R.F., Granger, C.W.J., 1987, “Cointegration And Error Correction: Representation Estimation And Testing”, Econometrica 55
  • Enders, W, 1995, ‘Applied Econometric Time Series’, Wiley Series In Probability And Mathematical Statistics, New York
  • Feige, E., L., Dean, J., 2002, ‘Dollarization And Euroization İn Transition Countries: Currency Substitution, Asset Substitution, Network Externalities And Irreversibility’, International Conference On “Euro And Dollarization: Forms Of Monetary Union İn Integrating Regions, Fordham University, New York
  • Feige, E.L., 2002, ‘The Dynamics Of Currency Substitution, Asset Substitution And De Facto Dollarization And Euroization İn Transition Countries’, The Eighth Dubrovnik Economic Conference: Monetary Policy And Currency Substitution In The Emerging Markets, Dubrovnik
  • Feige, E., L., Faulend, M., Šonje, V., Šošić1, V., 2000, ‘Currency Substitution, Unofficial Dollarization And Estimates Of Foreign Currency Held Abroad: The Case Of Croatia’, Sixth Dubrovnik Economic Conference, Dubrovnik
  • Feldstein, Martin,2002, ‘Economic And Financial Crisis In Emerging Market Economies: Overview Of Prevention And Management’nber Wp Series,Wp8837
  • Feridun, M, 2007, ‘Determinants of Currency Crises in Emerging Markets: An Empirical Investigation on Turkey’, Department Of Economics Discussion Paper Series, WP2007-01
  • Flood, R. And Marion, N. 1999. Perspectives On The Recent Currency Crisis Literature.International Journal Of Finance And Economics 4, 1–26.
  • Granger, C.,W.,J., Ghsels,E., Wanson, N.R., Watson, M., W., 2001, Essays In Econometrics: Causality, İntegration, Cointegration And Long Memory, Cambridge University Pres, http://books.google.com.tr/books?id=cafyVrxF5uwC
  • Henderson, D. And Salant, S. 1978. Market Anticipations Of Government Policies And The Price Of Gold. Journal Of Political Economy 86, 627–48.
  • Honig, A., ‘Dollarization, Exchange Rate Regimes And Government Quality’, Journal Of International Money And Finance 28 (2009) 198–214
  • Honıg, Adam, 2006, ‘Is There A Lınk Between Dollarızatıon And Bankıng Crıses?’, Journal Of International Development, 18, 1123–1135
  • IMF, 1998, Financial Crisis: Characteristics And İndicators Of Vulnerability’ Chapterıv, World Economic Outlook www.İmf.Org/External/Pubs/Ft/Weo/Weo0598/İndex.Htm
  • Inter-American Development Bank, 2004, ‘Unlocking Credit: The Quest For Deep And Stable Bank Lending’, http://books.google.com.tr/books?id=5lMTxWGjn6gC
  • Ize, A., Yeyati, E., L., 2005, ‘Financial De-Dollarization: Is It For Real?’, Working Papers 05/187, International Monetary Fund.
  • Ize, A. 2005, ‘Financial Dollarization Equilibria: A Framework For PolicyAnalysis’, Working Papers 05/186, International Monetary Fund.
  • Ize, A., Yeyati, E.L., 2003, ‘Financial Dollarization’, Journal Of International Economics 59, S.323–347
  • Ize, A., Parrado,E., 2002, Dollarization, Monetary Policy And The Pass-Through, IMF Working Paper, No:188
  • Jeanne, O., 2002 , ‘Why Do Emerging Economies Borrow In Foreign Currency ?’, Conference ‘Currency And Maturity Matchmaking:Redeeming Debt From Original Sin’, Inter-American Development Bank
  • Joines, D.H., 1985, International Currency Substitution And The İncome Velocity Of Money, Journal Of International Money And Finance 4, 303-316.
  • Kaminsky, G. L., Reinhart, M. (1999); “The Twin Crises : The Causes Of Banking And Balance-Of-Payment Problems”, The American Economic Review 89, 3, P.473.Kennedy, P., 2006, ‘Ekonometri Kılavuzu’, Gazi Kitabevi, Ankara
  • Krugman, P., 1997, ‘Currencies And Crisis’, MIT Pres, LondonKrznar, I., 2004, ‘Currency Crisis: Theory and Practice with Application to Croatia’, Croatian National Bank Working Paper, Vol.12, August
  • Luca, A., Petrova, I., 2003. ‘Credit Dollarization İn Transition Economies: Is İt Firms_ Or Banks_ _Fault_?’ Mimeo. In: Proceedings Of The LACEA Conference, Puebla, Mexico, October.
  • Manasse, P.; Roubini, N. and Schimmelpfennig , 2003, “Predicting Sovereign Debt Crises”, IMF Working Paper No WP/03/221
  • Mendoza, E.G., 2001, ‘The Benefits Of Dollarization Whwn Stabilization Policy Lacks Credibility And Financial Markets Are Imperfect, Journal Of Money, Credit And Banking, Vol:33, No:2
  • Miles, M.A., 1978, Currency Substitution, Flexible Exchange Rate, And Monetary İndependence, American Economic Review 68, 429-436.
  • Morales, J. A., 2003, “Dollarization Of Assets And Liabilities: Problem Or Solution?: The Case Of Bolivia,” Presented At The Bank-Fund Annual Meetings.
  • Mourmouras, A., Russell, S., H.,, 2000, ‘Smuggling, Currency Substitution And Unofficial Dollarization: A Crime-Theoretic Aproach’, Working Paper No: 00/176, Wahington D.C., International Monetary Fund
  • Nicolo, G.D., Honohan, P., Ize, A., 2005, ‘Dollarization Of Bank Deposits: Causes And Consequences’ , Journal Of Banking & Finance , 29, S.1697–1727
  • Nicolo, G.D., Honohan, P., Ize, A., 2003, ‘Dollarization Of The Banking System: Good Or Bad?’, Working Paper No:03/146, Wahington D.C., International Monetary Fund
  • Özcan, K.,M., Us, V., 2006, ‘Dolarizasyon Sürecinde Son Gelişmeler: Türkiye Ekonomisi Örneği’, TİSK Akademi, C.1, S.2, S.98-116
  • Özmen, E., Yalçın, C., 2007, ‘Küresel Finansal Riskler Karşısında Türkiye’de Reel Sektör Finansal Yapısı Ve Borç Dolarizasyonu’, Araştırma Ve Para Politikası Genel Müdürlüğü Çalışma Tebliği No: 07/06
  • Reinhart, C.M., Rogoff, K.S., Savastano, M.A., 2003, ‘Addıcted To Dollars’, National Bureau Of Economic Research Working Paper 10015, Http://Www.Nber.Org/Papers/W10015
  • Rennhack Nozaki , 2006 , Finacial Dollarization In Latin America, IMF Working Paper No:06/7
  • Rodriguez ,G., Rowe, N., 2007, Why U.S. Money Does Not Cause U.S. Output,But Does Cause Hong Kong Output, Journal Of International Money And Finance 26
  • Rosier, B., 1994, İktisadi Kriz Kuramları, İletişim Yayınları, İstanbul
  • Savastano, M., 1996, ‘Dollarization In Latin America: Recent Evidenceand Some Policy Issues’ Imf Working Paper, 96/4, Washington
  • Seyidoğlu, Halil, 1998, Uluslararası İktisat: Teori, Politika Ve Uygulama, Güzem Yayınları, No:14, İstanbul
  • Yeyati, E., L., 2006, ‘Financial Dollarization: Evaluating The Consequences’, Economic Policy, January,
  • Yılmaz, D., 2006, ‘Dollarization Consequences And Policy Options’, International Conference On Dollarization: Consequences And Policy Options, İstanbul
  • Yılmazkuday, H., 2008, Twin Crises In Turkey: A Comparison Of Currency Crisis Models The European Journal of Comparative Economics. , 5, 1
  • Yörükoğlu, M., ., 2006, ‘Economic Convergence And Exchange Rate Regimes’, International Conference On Dollarization: Consequences And Policy Options, İstanbul
  • Williams, R., 2009, “Categorical Data Analysis Sociology 73994”, Www.Nd.Edu/~Rwilliam/Xsoc73994/L08.Pdf
There are 61 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section MAIN SECTION
Authors

Ayşegül Alagöz

Publication Date March 28, 2019
Submission Date July 6, 2018
Published in Issue Year 2019

Cite

APA Alagöz, A. (2019). YABANCI PARA CİNSİNDEN BORCU OLANLARIN BAĞIMSIZ DIŞ DENETİM VE BİLDİRİM ZORUNLULUĞUNUN NEDENİ OLARAK KREDİ DOLARİZASYONUNUN TARİHİ BOYUTLARI. Muhasebe Bilim Dünyası Dergisi, 21(1), 121-139. https://doi.org/10.31460/mbdd.441398