Financialization of Household Sector in Turkey., 2000-2013
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Keywords

Household debt, Financilization, Financial deregulation.

How to Cite

Tellalbaşı, I. . (2014). Financialization of Household Sector in Turkey., 2000-2013. Asian Economic and Financial Review, 4(12), 1826–1839. Retrieved from https://archive.aessweb.com/index.php/5002/article/view/1309

Abstract

In financialization age which is last stage of capitalism, traditional banking governance have changed their role. Banking has become mainly dependent on lending individuals without regulation. Household indebtedness was a contributing factor to the financial crisis as homeowners were unable to meet their debt obligations, such as rising credits, credit card payments. We empirically examine the relationship between Turkey output and household debt. To account for structural change due to financial deregulation, we divide the sample at the after 2000 year. In the regression analysis post 2000, we find some evidence that household debt variables had positive effect on output.

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