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dc.contributor.authorVarlı, Yusuf
dc.contributor.authorÖvenç, Gökhan
dc.date.accessioned2019-03-14T14:25:00Z
dc.date.available2019-03-14T14:25:00Z
dc.date.issued2019
dc.identifier.citationVarlı, Y., Övenç, G. (2019). Dynamic analysis of defaults and prepayments in the Turkish mortgage market. Sosyoekonomi, 27(39), pp. 39–54.en_US
dc.identifier.issn1305-5577
dc.identifier.urihttps://app.trdizin.gov.tr/makale/TXpBeE1UWTRPQT09
dc.identifier.urihttps://dx.doi.org/10.17233/sosyoekonomi.2019.01.02
dc.identifier.urihttps://hdl.handle.net/20.500.12154/640
dc.description.abstractWe analyze the determinants of default and prepayment in the Turkish mortgage market by utilizing data obtained from a large commercial bank. Our main findings suggest that default is positively affected by a high loan to value ratio and term length of mortgages, and negatively affected by certain quantitative easing periods, good expectations regarding the future, the ratio of real house prices to the size of the economy and mortgage customer's high school and above level of education and being married. The probability of prepayment rises with the increase in variables such as the gain ratio due to prepayment, high school and above level of education of the mortgage customer, size of the GDP and the ratio of real house prices to GDP. We also find that the likelihoods of both the cases of default and prepayment are locally maximized when nearly 60% of the term is reached.en_US
dc.language.isoengen_US
dc.publisherSosyoekonomien_US
dc.relation.ispartofSosyoekonomien_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectMortgagesen_US
dc.subjectDefault (Finance)en_US
dc.titleDynamic analysis of defaults and prepayments in the Turkish mortgage marketen_US
dc.typearticleen_US
dc.departmentİHÜ, İnsan ve Toplum Bilimleri Fakültesi, İktisat Bölümüen_US
dc.authorid0000-0003-3305-7209en_US
dc.identifier.volume27en_US
dc.identifier.issue39en_US
dc.identifier.startpage39en_US
dc.identifier.endpage54en_US
dc.ihuauthorid0000-0003-3305-7209en_US
dc.relation.ihupublicationcategory117en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.contributor.institutionauthorVarlı, Yusuf
dc.identifier.doi10.17233/sosyoekonomi.2019.01.02
dc.identifier.wosqualityQ4en_US
dc.description.wospublicationidWOS:000458114500004en_US
dc.identifier.trdizinidTXpBeE1UWTRPQT09en_US


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