Banking-Sector Credit Risk Under Energy Price Shocks: A Borrower-Specific Nonlinear ARDL Analysis of Non-Performing Loans in an Emerging Market
This study asks whether energy price shocks reach banking-sector credit risk differently across borrower types, combining three elements the literature has used separately: disaggregation by borrower, asymmetric modelling of energy prices, and a formal test of whether the asymmetries differ. Using monthly data for Türk...