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How to Manage the Mortgage Credit Risk in Turkey? Can Dual-indexed Mortgages be a Remedy?

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dc.contributor.author Alp, Ali
dc.date.accessioned 2024-03-18T11:47:18Z
dc.date.available 2024-03-18T11:47:18Z
dc.date.issued 2007
dc.identifier.citation Alp, Ali; Doğanay, Mehmet Mete. (2007). "How to Manage the Mortgage Credit Risk in Turkey? Can Dual-indexed Mortgages be a Remedy?," Istanbul Stock Exchange Review, Vol. 9, No.35, pp. 1-10. tr_TR
dc.identifier.uri http://hdl.handle.net/20.500.12416/7597
dc.description.abstract A market-oriented housing finance system has been under discussion in Turkey recently. In this article we analyze different types of mortgages that have been used in developed and developing countries to select the one that is most appropriate for Turkey-one which minimizes risks for both lenders and borrowers. Each type of mortgage presents different risks to borrowers and lenders. After taking into consideration the economic history of Turkey, we conclude that the most appropriate mortgage for Turkey that minimizes risk is the dual-indexed mortgage model. We test this model by using data from the most volatile period of the Turkish economy, applying historical simulation and Monte-Carlo simulation. We find that, using this model; the total loan is paid off in a reasonable period without causing substantial difficulty for lenders and borrowers. Analyses confirm that borrowers and lenders are exposed to minimum risk if this type of mortgage is originated in Turkey. tr_TR
dc.language.iso eng tr_TR
dc.rights info:eu-repo/semantics/openAccess tr_TR
dc.title How to Manage the Mortgage Credit Risk in Turkey? Can Dual-indexed Mortgages be a Remedy? tr_TR
dc.type article tr_TR
dc.relation.journal Istanbul Stock Exchange Review tr_TR
dc.contributor.authorID 112010 tr_TR
dc.identifier.volume 9 tr_TR
dc.identifier.issue 35 tr_TR
dc.identifier.startpage 1 tr_TR
dc.identifier.endpage 10 tr_TR
dc.contributor.department Çankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü tr_TR


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