The Effects of Financial Indicators of Non-Bank Financial Institutions on Economic Growth And Inflation In Turkey

Abstract

The purpose of this study; Consumer Price Index of the financial indicators of non-bank financial institutions in Turkey (inflation) and Gross Domestic Product (GDP) is to examine the relation of time series analysis method. As a result of the analyzes, there were significant relationships between Financial Receivables / Total Receivables and capital adequacy and GDP in the factoring sector. In financing companies, Receivables from Financial Institutions / Total Receivables and NPLs / Total Equity variables have a significant negative impact on economic growth. For factoring companies, it was determined that the receivables from Financial Institutions / Total Receivables, Capital Adequacy and FX Liabilities / Total Liabilities + Net Liabilities in Derivative Transactions have a significant positive effect on inflation. It is observed that the receivables from Financial Institutions / Total Receivables and NPLs / Total Equity variables have a significant negative effect on inflation in financing companies.