ECONOMETRIC ANALYSIS OF THE RELATIONSHIP BETWEEN THE SYNDICATION LOAN WITH FOREIGN TRADE IN TURKEY

Financial institutions combine to provide credit recipients installe damounts of syndicated loans in the 1990s, International banking sector developments. Besides being an important risk tool syndicated loans at the same time, large-scalesource of alternative financing to businesses. Inaddition, enterprises are opening up external markets by meeting their financial needs. Thus their countries ' foreigntrade also affect in a positive direction. The aim of this study was the relationship between external trade with syndicated loans is unveiling. Thus, syndicated loans, export import data was taken from annual for the 2000-2016. Inorder to determine the relationship, unitroot tests were used, Johansen Cointegration and error correction model were used. As a result of the results, syndicated loans have a positive impact on foreign trade. It was observed that the financing required for imports and exports was provided by syndicated loans