Browsing by Author "Runyun, Mustafa."

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    The impact of theSyrian refugee influx on Turkish capital movement
    (Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in the Social Sciences, 2020., 2020.) Runyun, Mustafa.; Kırdar, Murat G.
    This research aims to understand the impactof Syrian migration influx on the capital flowinTurkey through theTurkish banking indicators.Specifically,wetryto estimate thechangeinmonetarystocksinsavingdepositaccountsandtheusageof variousloansandcreditsbetween2013and2018.Forthatreason,weuseacanonical difference-in-differenceestimationstrategywiththeinstrumentalvariableapproach, relaxing commontrendassumptionofthissetting.ThisstudysuggeststhatSyrian refugees affectcapitalflowpositivelyintermsofaccumulationandcreditusage.Our findings proposethatSyrianrefugeeshaveapositiveimpactontheusageofaggregate personal loansthrough,mostly,consumercredits,andonthecommercialcreditsin the textileandtheconstructionsectorsinnon-cashandcashcredits,respectively.This findings mayimplyunconventionalfinancingcurrentinvestments,mostly,inthe informal sector,sectoralshiftsintheconstructionsector,andincreaseinexportlevel of thetextilesector.Additionally,wecanobservepositiveeffectsontheforeign currencies inthesavingdepositaccountswhileestimatingadecreaseinnative currencysavings.Ourresultsareconsistentwiththecurrentmigrationliteratureand showlocalvarietiesofconsumerreactionsincreditmarketandcapitalflowinthe host country.