BibTex RIS Kaynak Göster

BANKA KREDİLERİNDE TERS SEÇİM VE AHLAKİ TEHLİKE ETKİSİ

Yıl 2015, Cilt: 16 Sayı: 1, 15 - 23, 01.01.2015

Öz

Stiglitz-Weiss modelinde, kredi piyasalarında ters seçim ve ahlaki tehlike problemlerinin derecesini etkileyen en önemli faktör olarak faiz oranı gösterilmektedir. Daha yüksek faiz oranının, daha riskli kredi müşterilerinin sayısını artırarak, kredilerin geri ödenme ihtimalini azaltacağı ileri sürülmektedir. Bu makalede, kredi faiz oranlarının geri ödenmeyen krediler oranına etkisi incelenmektedir. 2003:01-2013:02 dönemi kredi faiz oranları ile geri ödenmeyen krediler arasında Granger nedensellik testi uygulanmış, her iki değişken arasında iki yönlü nedensellik ilişkisi tespit edilmiştir.

Kaynakça

  • AKERLOF, G.A. (1970). The market for “lemons”: quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84(3), pp. 488-500.
  • DE MEZA, D., WEBB, D. (1987). Too much investment: a problem of asymmetric information. The Quarterly Journal of Economics, 102(2), pp. 281-292.
  • DICKEY, D.A., FULLER, W.A. (1979). Distribution of the estimators of autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), pp. 427- 431.
  • GRANGER, C.W.J. (1969). Investigating causal relations by econometric models and cross- spectral methods. Econometrica, 37 (3), pp. 424-438.
  • GUJARATI, D.N. (2004). Basic Econometrics, Fourth Edition, New York: McGraw-Hill.
  • JAFFEE, D.M., STIGLITZ, J.W. (1990). Credit rationing. B.M. FRIEDMAN and F.H. HAHN (eds.), Handbook of Monetary Economics içinde, Elsevier, Edition 1, 2 (2), pp. 837-888.
  • JAFFEE, D.M., RUSSELL, T. (1976). Imperfect information, uncertainty, and credit rationing. The Quarterly Journals of Economics, 90 (4), pp. 651-666.
  • MISHKIN, F.S. (1996). The channels of monetary policy transmission: lessons for monetary policy. NBER Working Paper, no. 5664.
  • MISHKIN, F.S. (2009). The econonomics of money, banking and financial markets, 9th Edition.
  • STIGLITZ, J., WEISS, A. (1981). Credit rationing in markets with imperfect information. The American Economic Review, 71(3), pp. 393-410.
  • ŞIKLAR, İ. (2007). Finansal ekonomi. Eskişehir, Anadolu Üniversitesi Yayınları.

THE EFFECT OF ADVERSE SELECTION AND MORAL HAZARD ON BANK LENDING

Yıl 2015, Cilt: 16 Sayı: 1, 15 - 23, 01.01.2015

Öz

The Stiglitz-Weiss model suggests that interest rate is the most important factor affecting the degree of adverse selection and moral hazard in credit markets. A higher interest rate increases the number of more risky customers and decreases the possibility of repayment of loans. This paper studies the effect of credit interest rate on the ratio of non-performing credit. Using data for the period 2003:01-2013:02, a causality test was applied to credit interest rate and nonperforming credit. The findings indicate that a bilateral causal relationship exists between the variables

Kaynakça

  • AKERLOF, G.A. (1970). The market for “lemons”: quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84(3), pp. 488-500.
  • DE MEZA, D., WEBB, D. (1987). Too much investment: a problem of asymmetric information. The Quarterly Journal of Economics, 102(2), pp. 281-292.
  • DICKEY, D.A., FULLER, W.A. (1979). Distribution of the estimators of autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), pp. 427- 431.
  • GRANGER, C.W.J. (1969). Investigating causal relations by econometric models and cross- spectral methods. Econometrica, 37 (3), pp. 424-438.
  • GUJARATI, D.N. (2004). Basic Econometrics, Fourth Edition, New York: McGraw-Hill.
  • JAFFEE, D.M., STIGLITZ, J.W. (1990). Credit rationing. B.M. FRIEDMAN and F.H. HAHN (eds.), Handbook of Monetary Economics içinde, Elsevier, Edition 1, 2 (2), pp. 837-888.
  • JAFFEE, D.M., RUSSELL, T. (1976). Imperfect information, uncertainty, and credit rationing. The Quarterly Journals of Economics, 90 (4), pp. 651-666.
  • MISHKIN, F.S. (1996). The channels of monetary policy transmission: lessons for monetary policy. NBER Working Paper, no. 5664.
  • MISHKIN, F.S. (2009). The econonomics of money, banking and financial markets, 9th Edition.
  • STIGLITZ, J., WEISS, A. (1981). Credit rationing in markets with imperfect information. The American Economic Review, 71(3), pp. 393-410.
  • ŞIKLAR, İ. (2007). Finansal ekonomi. Eskişehir, Anadolu Üniversitesi Yayınları.
Toplam 11 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Araştırma Makalesi
Yazarlar

Şehnaz Bakır Yiğitbaş Bu kişi benim

Yayımlanma Tarihi 1 Ocak 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 16 Sayı: 1

Kaynak Göster

APA Yiğitbaş, Ş. B. (2015). BANKA KREDİLERİNDE TERS SEÇİM VE AHLAKİ TEHLİKE ETKİSİ. Doğuş Üniversitesi Dergisi, 16(1), 15-23.