The Effects of the Volatility Changes in Exchange Rates and Interest Rates from Historical Shocks on the Non-Performing Loans in Turkish Economy

Historical shocks (Lehman Brothers bankruptcy (15 September 2008), the FED?s tapering decision (18 December 2013), CBRT?s interest rate (28 January 2013)) had significant impact on global and domestic financial markets, especially nonperforming loans (NPLs). In this context, main aim of study is to analyze how volatility changes in exchange rates triggered by these historical affect consumer industrial Turkish economy using quantile regression techniques. The results showed that cause foreign have important effects NPLs banking industry.