Çelgin, Aysu; Eren, Okan; Özlü, Pınar - In: Central Bank Review (CBR) 23 (2023) 3, pp. 1-10
its sub-components. Our empirical results suggest that a rise in total loans inevitably leads to a deterioration in the … insignificant and disappears if the services trade balance is considered. When we examine different types of loans, our findings … indicate that both consumer and corporate loans have sizeable and negative effect on both the current account and goods trade …