bis papers no 28 363 credit growth in turkey drivers and challenges erdem ba?รง? 1 introduction after witnessing the most severe crisis of its recent history 2001 turkish economy has rapidly recovered is now among fastest growing economies world during recovery period inflation rate declined sharply to single digit levels for first time three decades this positive trend a consequence tight monetary fiscal policies together with comprehensive agenda institutional reforms last five years financial system exhibited significant structural changes fundamentally altering nature risks that encounters cbrt 2005 yet risk remains at top list implications on both macro s stability need be closely monitored paper aims discuss main boom potential problems associated it 2 consolidation supply basic problem fifteen been relatively large stock public debt compared small deposit base banking
