Examination of money supply endogeneity in Turkey: Evidence from asymmetric causality test

In this study, we examine the money supply endogeneity in Turkish economy for the post crises period, between 2009.10 and 2016.12 by employing asymmetric causality test. Our results reveal that a positive credit shock will cause a positive shock in the money supply. That is, an increase in banking s...

Full description

Saved in:
Bibliographic Details
Published in:Cogent economics & finance 2018-01, Vol.6 (1), p.1-18
Main Authors: Dedeoglu, Dincer, Ogut, Kaan
Format: Article
Language:English
Subjects:
asymmetry
Bank loans
Causality
Economic models
granger causality
Money supply
Money supply endogeneity
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c530t-6011ffbc62c42d584c5be9c4c77579f8c84f18d1654316067da12a147e1a25613
cites cdi_FETCH-LOGICAL-c530t-6011ffbc62c42d584c5be9c4c77579f8c84f18d1654316067da12a147e1a25613
container_end_page 18
container_issue 1
container_start_page 1
container_title Cogent economics & finance
container_volume 6
creator Dedeoglu, Dincer
Ogut, Kaan
description In this study, we examine the money supply endogeneity in Turkish economy for the post crises period, between 2009.10 and 2016.12 by employing asymmetric causality test. Our results reveal that a positive credit shock will cause a positive shock in the money supply. That is, an increase in banking sector credit volume will cause an increase in money supply. However, such a causal impact for negative shocks is not found. Our findings show that the causality runs from bank loans to money supply for the positive components so credit cuts may not initiate a fall in money supply.
doi_str_mv 10.1080/23322039.2018.1518956
format article
fullrecord <record><control><sourceid>proquest_doaj_</sourceid><recordid>TN_cdi_doaj_primary_oai_doaj_org_article_9e1c761527c7468eada2df30ed004080</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><doaj_id>oai_doaj_org_article_9e1c761527c7468eada2df30ed004080</doaj_id><sourcerecordid>2177245095</sourcerecordid><originalsourceid>FETCH-LOGICAL-c530t-6011ffbc62c42d584c5be9c4c77579f8c84f18d1654316067da12a147e1a25613</originalsourceid><addsrcrecordid>eNqFkU1v1DAQhiMEElXpT6hkifMuHn-HE6haSqVKvZQLF8v1R-UlsRc7AfLvcUhB3Hqa0fidxzPzdt0l4D1ghd8RSgnBtN8TDGoPHFTPxYvubK3v1oeX_-Wvu4tajxhjYMCU6s-6r4dfZozJTDEnlAMac_ILqvPpNCzIJ5cfffJxWlBM6H4u3_zyHh1-ROeT9SiUPCJTl3H0U4kWWTNXM6zqydfpTfcqmKH6i6d43n35dLi_-ry7vbu-ufp4u7Oc4mknMEAID1YQy4jjiln-4HvLrJRc9kFZxQIoB4IzCgIL6QwQA0x6MIQLoOfdzcZ12Rz1qcTRlEVnE_WfQi6P2pQp2sHr3oOVAjiRVjKhvHGGuECxdxizds3GeruxTiV_n9sS-pjnktr4moCUhHHc86bim8qWXGvx4d-vgPXqiv7ril5d0U-utL4PW19MIZfR_MxlcHoyy5BLKCbZWDV9DnG5IbzNqcnXUKdcdButnYj-BiimnF0</addsrcrecordid><sourcetype>Open Website</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2177245095</pqid></control><display><type>article</type><title>Examination of money supply endogeneity in Turkey: Evidence from asymmetric causality test</title><source>EBSCOhost Business Source Ultimate</source><source>International Bibliography of the Social Sciences (IBSS)</source><source>Taylor &amp; Francis Open Access</source><source>ABI/INFORM Global</source><source>Publicly Available Content (ProQuest)</source><creator>Dedeoglu, Dincer ; Ogut, Kaan</creator><contributor>Andraz, Jorge Miguel Lopo Gonçalves</contributor><creatorcontrib>Dedeoglu, Dincer ; Ogut, Kaan ; Andraz, Jorge Miguel Lopo Gonçalves</creatorcontrib><description>In this study, we examine the money supply endogeneity in Turkish economy for the post crises period, between 2009.10 and 2016.12 by employing asymmetric causality test. Our results reveal that a positive credit shock will cause a positive shock in the money supply. That is, an increase in banking sector credit volume will cause an increase in money supply. However, such a causal impact for negative shocks is not found. Our findings show that the causality runs from bank loans to money supply for the positive components so credit cuts may not initiate a fall in money supply.</description><identifier>ISSN: 2332-2039</identifier><identifier>EISSN: 2332-2039</identifier><identifier>DOI: 10.1080/23322039.2018.1518956</identifier><language>eng</language><publisher>Abingdon: Taylor &amp; Francis</publisher><subject>asymmetry ; Bank loans ; Causality ; Economic models ; granger causality ; Money supply ; Money supply endogeneity</subject><ispartof>Cogent economics &amp; finance, 2018-01, Vol.6 (1), p.1-18</ispartof><rights>2018 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license. 2018</rights><rights>2018 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license. This work is licensed under the Creative Commons Attribution License http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c530t-6011ffbc62c42d584c5be9c4c77579f8c84f18d1654316067da12a147e1a25613</citedby><cites>FETCH-LOGICAL-c530t-6011ffbc62c42d584c5be9c4c77579f8c84f18d1654316067da12a147e1a25613</cites><orcidid>0000-0002-7308-9478</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.tandfonline.com/doi/pdf/10.1080/23322039.2018.1518956$$EPDF$$P50$$Ginformaworld$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://www.proquest.com/docview/2177245095?pq-origsite=primo$$EHTML$$P50$$Gproquest$$Hfree_for_read</linktohtml><link.rule.ids>314,777,781,11669,12828,25734,27483,27905,27906,33204,36041,36993,44344,44571,59122,59123</link.rule.ids></links><search><contributor>Andraz, Jorge Miguel Lopo Gonçalves</contributor><creatorcontrib>Dedeoglu, Dincer</creatorcontrib><creatorcontrib>Ogut, Kaan</creatorcontrib><title>Examination of money supply endogeneity in Turkey: Evidence from asymmetric causality test</title><title>Cogent economics &amp; finance</title><description>In this study, we examine the money supply endogeneity in Turkish economy for the post crises period, between 2009.10 and 2016.12 by employing asymmetric causality test. Our results reveal that a positive credit shock will cause a positive shock in the money supply. That is, an increase in banking sector credit volume will cause an increase in money supply. However, such a causal impact for negative shocks is not found. Our findings show that the causality runs from bank loans to money supply for the positive components so credit cuts may not initiate a fall in money supply.</description><subject>asymmetry</subject><subject>Bank loans</subject><subject>Causality</subject><subject>Economic models</subject><subject>granger causality</subject><subject>Money supply</subject><subject>Money supply endogeneity</subject><issn>2332-2039</issn><issn>2332-2039</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><sourceid>0YH</sourceid><sourceid>8BJ</sourceid><sourceid>M0C</sourceid><sourceid>PIMPY</sourceid><sourceid>DOA</sourceid><recordid>eNqFkU1v1DAQhiMEElXpT6hkifMuHn-HE6haSqVKvZQLF8v1R-UlsRc7AfLvcUhB3Hqa0fidxzPzdt0l4D1ghd8RSgnBtN8TDGoPHFTPxYvubK3v1oeX_-Wvu4tajxhjYMCU6s-6r4dfZozJTDEnlAMac_ILqvPpNCzIJ5cfffJxWlBM6H4u3_zyHh1-ROeT9SiUPCJTl3H0U4kWWTNXM6zqydfpTfcqmKH6i6d43n35dLi_-ry7vbu-ufp4u7Oc4mknMEAID1YQy4jjiln-4HvLrJRc9kFZxQIoB4IzCgIL6QwQA0x6MIQLoOfdzcZ12Rz1qcTRlEVnE_WfQi6P2pQp2sHr3oOVAjiRVjKhvHGGuECxdxizds3GeruxTiV_n9sS-pjnktr4moCUhHHc86bim8qWXGvx4d-vgPXqiv7ril5d0U-utL4PW19MIZfR_MxlcHoyy5BLKCbZWDV9DnG5IbzNqcnXUKdcdButnYj-BiimnF0</recordid><startdate>20180101</startdate><enddate>20180101</enddate><creator>Dedeoglu, Dincer</creator><creator>Ogut, Kaan</creator><general>Taylor &amp; Francis</general><general>Cogent</general><general>Taylor &amp; Francis Ltd</general><general>Taylor &amp; Francis Group</general><scope>OT2</scope><scope>0YH</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>PIMPY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><scope>DOA</scope><orcidid>https://orcid.org/0000-0002-7308-9478</orcidid></search><sort><creationdate>20180101</creationdate><title>Examination of money supply endogeneity in Turkey: Evidence from asymmetric causality test</title><author>Dedeoglu, Dincer ; Ogut, Kaan</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c530t-6011ffbc62c42d584c5be9c4c77579f8c84f18d1654316067da12a147e1a25613</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><topic>asymmetry</topic><topic>Bank loans</topic><topic>Causality</topic><topic>Economic models</topic><topic>granger causality</topic><topic>Money supply</topic><topic>Money supply endogeneity</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Dedeoglu, Dincer</creatorcontrib><creatorcontrib>Ogut, Kaan</creatorcontrib><collection>EconStor</collection><collection>Taylor &amp; Francis Open Access</collection><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Publicly Available Content (ProQuest)</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><collection>DOAJ Directory of Open Access Journals</collection><jtitle>Cogent economics &amp; finance</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Dedeoglu, Dincer</au><au>Ogut, Kaan</au><au>Andraz, Jorge Miguel Lopo Gonçalves</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Examination of money supply endogeneity in Turkey: Evidence from asymmetric causality test</atitle><jtitle>Cogent economics &amp; finance</jtitle><date>2018-01-01</date><risdate>2018</risdate><volume>6</volume><issue>1</issue><spage>1</spage><epage>18</epage><pages>1-18</pages><issn>2332-2039</issn><eissn>2332-2039</eissn><abstract>In this study, we examine the money supply endogeneity in Turkish economy for the post crises period, between 2009.10 and 2016.12 by employing asymmetric causality test. Our results reveal that a positive credit shock will cause a positive shock in the money supply. That is, an increase in banking sector credit volume will cause an increase in money supply. However, such a causal impact for negative shocks is not found. Our findings show that the causality runs from bank loans to money supply for the positive components so credit cuts may not initiate a fall in money supply.</abstract><cop>Abingdon</cop><pub>Taylor &amp; Francis</pub><doi>10.1080/23322039.2018.1518956</doi><tpages>18</tpages><orcidid>https://orcid.org/0000-0002-7308-9478</orcidid><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier ISSN: 2332-2039
ispartof Cogent economics & finance, 2018-01, Vol.6 (1), p.1-18
issn 2332-2039
2332-2039
language eng
recordid cdi_doaj_primary_oai_doaj_org_article_9e1c761527c7468eada2df30ed004080
source EBSCOhost Business Source Ultimate; International Bibliography of the Social Sciences (IBSS); Taylor & Francis Open Access; ABI/INFORM Global; Publicly Available Content (ProQuest)
subjects asymmetry
Bank loans
Causality
Economic models
granger causality
Money supply
Money supply endogeneity
title Examination of money supply endogeneity in Turkey: Evidence from asymmetric causality test
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-20T20%3A53%3A22IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_doaj_&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Examination%20of%20money%20supply%20endogeneity%20in%20Turkey:%20Evidence%20from%20asymmetric%20causality%20test&rft.jtitle=Cogent%20economics%20&%20finance&rft.au=Dedeoglu,%20Dincer&rft.date=2018-01-01&rft.volume=6&rft.issue=1&rft.spage=1&rft.epage=18&rft.pages=1-18&rft.issn=2332-2039&rft.eissn=2332-2039&rft_id=info:doi/10.1080/23322039.2018.1518956&rft_dat=%3Cproquest_doaj_%3E2177245095%3C/proquest_doaj_%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c530t-6011ffbc62c42d584c5be9c4c77579f8c84f18d1654316067da12a147e1a25613%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2177245095&rft_id=info:pmid/&rfr_iscdi=true