dc.contributor.author |
Pirgaip, Burak
|
|
dc.contributor.author |
Hepşen, Ali
|
|
dc.date.accessioned |
2020-04-17T22:19:54Z |
|
dc.date.available |
2020-04-17T22:19:54Z |
|
dc.date.issued |
2018 |
|
dc.identifier.citation |
Pirgaip, Burak; Hepsen, Ali, "Loan-to-Value Policy: Evidence From Turkish Dual Banking System", International Journal of Islamic and Middle Eastern Finance and Management, 11, No. 4, pp. 631-649, (2018). |
tr_TR |
dc.identifier.issn |
1753-8394 |
|
dc.identifier.uri |
http://hdl.handle.net/20.500.12416/3308 |
|
dc.description.abstract |
Purpose-This paper aims to answer how effective the loan-to-value (LTV) regulation has been since 2011 for conventional and Islamic (participation) banks in Turkey in terms of curbing mortgage loan growth and delinquency[1].
Design/methodology/approach-The authors first use unit root tests and tests of difference in loan and property price data in pre-LTV and post-LTV period. Second, the authors follow Chow test and ordinary least squares regression analyses to test for a structural break when sensitivity of mortgage loan and delinquency growth changes to property price changes considered.
Findings-The authors find that two periods are statistically different, while the significance level is lower for Islamic banks. Moreover, loan growth has become less responsive to property price increases; delinquency sensitivity to property price changes has significantly increased in the post-LTV period for conventional banks, while this is not the case for Islamic (participation) banks.
Originality/value-This paper not only increases empirical evidence regarding the effectiveness of LTV ratio policy but also fills the gap in the literature by providing a comparison between conventional banks and Islamic (participation) banks. |
tr_TR |
dc.language.iso |
eng |
tr_TR |
dc.publisher |
Emerald Group Publishing LTD |
tr_TR |
dc.relation.isversionof |
10.1108/IMEFM-08-2017-0208 |
tr_TR |
dc.rights |
info:eu-repo/semantics/closedAccess |
tr_TR |
dc.subject |
Turkey |
tr_TR |
dc.subject |
Islamic Banks |
tr_TR |
dc.subject |
Conventional Banks |
tr_TR |
dc.subject |
Macroprudential Policy |
tr_TR |
dc.subject |
Loan-to-Value (LTV) Ratio |
tr_TR |
dc.title |
Loan-to-Value Policy: Evidence From Turkish Dual Banking System |
tr_TR |
dc.type |
article |
tr_TR |
dc.relation.journal |
International Journal of Islamic and Middle Eastern Finance and Management |
tr_TR |
dc.contributor.authorID |
252136 |
tr_TR |
dc.identifier.volume |
11 |
tr_TR |
dc.identifier.issue |
4 |
tr_TR |
dc.identifier.startpage |
631 |
tr_TR |
dc.identifier.endpage |
649 |
tr_TR |
dc.contributor.department |
Çankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Bankacılık ve Finans Bölümü |
tr_TR |