SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS

Muhammet Doğan; Enver Erdinç Dinçsoy

doi:10.26468/trakyasobed.1225074

Araştırma Makalesi

SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS

Yıl 2023, Cilt: 25 Sayı: Özel Sayı, 193 - 212, 29.09.2023

Muhammet Doğan Enver Erdinç Dinçsoy

https://doi.org/10.26468/trakyasobed.1225074

Öz

This study examines the nexus between non-performing loans (NPLs) and the shadow economy, as well as macroeconomic and bank-specific variables, in 25 emerging countries from the period starting 1998 to 2017 period. The Driscoll-Kraay standard errors and a fixed effect estimator have been employed, and the results suggest that NPLs have a positive relationship with the shadow economy as well as inflation and trade openness. In contrast, GDP, unemployment, household consumption, credit-to-deposit ratio, broad money, bank return on equity, and overall economic freedom index have a negative effect on NPLs. Our results demonstrate the complex nature of non-performing loans, which are influenced by both microeconomic and macroeconomic factors.

Anahtar Kelimeler

Non-performing loans, Shadow economy, Macroeconomic factors, Economic freedom index, Emerging markets

Kaynakça

Aghion, Philippe and Angeletos, George-Marios and Banerjee, Abhijit and Manova, K. (2005). “Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment” (No. 11349; NBER Working Paper Series). https://doi.org/10.3386/w11349
Alamgir Hossain, S., Moudud-Ul-Huq, S., & Kader, M. B. (2020). "Impact of trade openness on bank risk-taking behavior: Evidence from a developing country." Cogent Economics & Finance, 8(1), 1765468. https://doi.org/10.1080/23322039.2020.1765468
Anastasiou, D., Louri, H., & Tsionas, M. (2016). "Determinants of non‐performing loans: Evidence from Euro area countries." Finance Research Letters, 18, 116–119.
Anastasiou, D., Louri, H., & Tsionas, M. (2018). "Non-performing loans in the Euro area: Are core-periphery banking markets fragmented?" International Journal of Finance & Economics. DOI:10.1002/ijfe.1651

GELİŞMEKTE OLAN PİYASALARDAKİ TAKİPTEKİ KREDİLERİN KAYIT DIŞI EKONOMİ İLİŞKİSİ

Yıl 2023, Cilt: 25 Sayı: Özel Sayı, 193 - 212, 29.09.2023

Muhammet Doğan Enver Erdinç Dinçsoy

https://doi.org/10.26468/trakyasobed.1225074

Öz

Bu çalışma, 1998'den 2017'ye kadar olan dönemde 25 gelişmekte olan ülkede takipteki alacaklar (NPLs) ile kayıt dışı ekonomi arasındaki ilişkiyi, makroekonomik ve bankaya özgü değişkenleri ile birlikte incelemektedir. Driscoll-Kraay standart hataları ve sabit etki tahmincisi kullanılmış olup, sonuçlar takipteki alacakların kayıt dışı ekonomi, enflasyon ve ticari açıklık ile pozitif bir ilişkiye sahip olduğunu göstermektedir. Buna karşılık, GSYİH, işsizlik, hanehalkı tüketimi, kredi/mevduat oranı, geniş para, banka öz sermaye getirisi ve genel ekonomik özgürlük endeksi, takipteki krediler üzerinde negatif bir etkiye sahiptir. Sonuçlarımız, hem mikroekonomik hem de makroekonomik faktörlerden etkilenen takipteki kredilerin karmaşık yapısını göstermektedir.

Anahtar Kelimeler

Takipteki alacaklar, Kayıt dışı ekonomi, Makroekonomik faktörler, Ekonomik özgürlük endeksi, Non-performing loans, Shadow economy, Macroeconomic factors, Economic freedom index, Emerging markets

Kaynakça

Aghion, Philippe and Angeletos, George-Marios and Banerjee, Abhijit and Manova, K. (2005). “Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment” (No. 11349; NBER Working Paper Series). https://doi.org/10.3386/w11349
Alamgir Hossain, S., Moudud-Ul-Huq, S., & Kader, M. B. (2020). "Impact of trade openness on bank risk-taking behavior: Evidence from a developing country." Cogent Economics & Finance, 8(1), 1765468. https://doi.org/10.1080/23322039.2020.1765468
Anastasiou, D., Louri, H., & Tsionas, M. (2016). "Determinants of non‐performing loans: Evidence from Euro area countries." Finance Research Letters, 18, 116–119.
Anastasiou, D., Louri, H., & Tsionas, M. (2018). "Non-performing loans in the Euro area: Are core-periphery banking markets fragmented?" International Journal of Finance & Economics. DOI:10.1002/ijfe.1651

Yıl 2023, Cilt: 25 Sayı: Özel Sayı, 193 - 212, 29.09.2023

Muhammet Doğan Enver Erdinç Dinçsoy

https://doi.org/10.26468/trakyasobed.1225074

Öz

Anahtar Kelimeler

Takipteki alacaklar, Takipteki alacaklar, Kayıt dışı ekonomi, Makroekonomik faktörler, Ekonomik özgürlük endeksi, Gelişen piyasalar, Non-performing loans, Shadow economy, Macroeconomic factors, Economic freedom index, Emerging markets

Kaynakça

Aghion, Philippe and Angeletos, George-Marios and Banerjee, Abhijit and Manova, K. (2005). “Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment” (No. 11349; NBER Working Paper Series). https://doi.org/10.3386/w11349
Alamgir Hossain, S., Moudud-Ul-Huq, S., & Kader, M. B. (2020). "Impact of trade openness on bank risk-taking behavior: Evidence from a developing country." Cogent Economics & Finance, 8(1), 1765468. https://doi.org/10.1080/23322039.2020.1765468
Anastasiou, D., Louri, H., & Tsionas, M. (2016). "Determinants of non‐performing loans: Evidence from Euro area countries." Finance Research Letters, 18, 116–119.
Anastasiou, D., Louri, H., & Tsionas, M. (2018). "Non-performing loans in the Euro area: Are core-periphery banking markets fragmented?" International Journal of Finance & Economics. DOI:10.1002/ijfe.1651

Toplam 4 adet kaynakça vardır.

Ayrıntılar

Birincil Dil	İngilizce
Konular	Ekonometri Teorisi
Bölüm	Araştırma Makalesi
Yazarlar	Muhammet Doğan 0000-0002-4943-223X Enver Erdinç Dinçsoy 0000-0002-3927-0724
Erken Görünüm Tarihi	29 Eylül 2023
Yayımlanma Tarihi	29 Eylül 2023
Yayımlandığı Sayı	Yıl 2023 Cilt: 25 Sayı: Özel Sayı

Kaynak Göster

APA	Doğan, M., & Dinçsoy, E. E. (2023). SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS. Trakya Üniversitesi Sosyal Bilimler Dergisi, 25(Özel Sayı), 193-212. https://doi.org/10.26468/trakyasobed.1225074
AMA	Doğan M, Dinçsoy EE. SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS. Trakya University Journal of Social Science. Eylül 2023;25(Özel Sayı):193-212. doi:10.26468/trakyasobed.1225074
Chicago	Doğan, Muhammet, ve Enver Erdinç Dinçsoy. “SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS”. Trakya Üniversitesi Sosyal Bilimler Dergisi 25, sy. Özel Sayı (Eylül 2023): 193-212. https://doi.org/10.26468/trakyasobed.1225074.
EndNote	Doğan M, Dinçsoy EE (01 Eylül 2023) SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS. Trakya Üniversitesi Sosyal Bilimler Dergisi 25 Özel Sayı 193–212.
IEEE	M. Doğan ve E. E. Dinçsoy, “SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS”, Trakya University Journal of Social Science, c. 25, sy. Özel Sayı, ss. 193–212, 2023, doi: 10.26468/trakyasobed.1225074.
ISNAD	Doğan, Muhammet - Dinçsoy, Enver Erdinç. “SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS”. Trakya Üniversitesi Sosyal Bilimler Dergisi 25/Özel Sayı (Eylül 2023), 193-212. https://doi.org/10.26468/trakyasobed.1225074.
JAMA	Doğan M, Dinçsoy EE. SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS. Trakya University Journal of Social Science. 2023;25:193–212.
MLA	Doğan, Muhammet ve Enver Erdinç Dinçsoy. “SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS”. Trakya Üniversitesi Sosyal Bilimler Dergisi, c. 25, sy. Özel Sayı, 2023, ss. 193-12, doi:10.26468/trakyasobed.1225074.
Vancouver	Doğan M, Dinçsoy EE. SHADOW ECONOMY NEXUS OF NON-PERFORMING LOANS IN EMERGING MARKETS. Trakya University Journal of Social Science. 2023;25(Özel Sayı):193-212.