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

Article OPEN
Ali Alp; M. Mete Doganay;
  • Journal: Istanbul Stock Exchange Review,volume 9,issue 35,pages1-10
  • Subject: Housing finance, mortgages, dual-indexed mortgages
    • jel: jel:H | jel:G

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 minim... View more
  • References (26)
    26 references, page 1 of 3

    Box, G. P., Jenkins, G. M., Time Series Analysis: Forecasting and Control, Holden-day Inc., San Francisco, CA., 1976.

    Chen, S. L., Wu, J. L., "A Re-Examination of Purchasing Power Parity in Japan and Taiwan", Journal of Macroeconomic, Vol. 22, No. 2, 2000, pp. 271-284.

    Cheung, Y. W., Lai, K. S., Bergman, M., "Dissecting the PPP Puzzle: The Unconventional Roles of Nominal Exchange Rate and Price Adjustments", Journal of International Economics, Vol.64, 2004, pp. 135-150.

    Cheung, Y. W., Kon, S. L., "Long-Run Purchasing Power Parity During the Recent Float", Journal of International Economics, Vol. 34, 1993, pp. 181-92.

    Enders, W., Dibo¤lu, S., "Long Run Purchasing Power Parity with Asymmetric Adjustment", Economics, Finance and Legal Studies Working Paper, No.01-02-04., 2004.

    Enders, W., Applied Econometric Time Series, Second Edition, John Wiley & Sons, Inc. NJ, USA., 2004.

    Enders, W., "Unit Roots and the Real Exchange Rate Before World War I: The Case of Britain and the USA", Journal of International Money and Finance, No. 8, 1989, pp. 59.

    Engle, R., Granger, C., "Cointegration and Error-Correction: Representation, Estimation and Testing", Econometrica, Vol. 55, 1987, pp. 251-76.

    Frenkel, J. A., "A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence", Scandinavian Journal of Economics, Vol. 78, 1976, pp. 200-224.

    Frenkel, J. A., "On the Mark: Reply", American Economic Review, Vol. 71, 1981, pp. 1079-1085.

  • Metrics
    No metrics available
Share - Bookmark