Factors that Trigger Financial Crises: The Case of Turkey
Abstract This study aims to identify the macroeconomic factors that may have triggered the financial crises in Turkey between January 1998 and July 2012. A macroeconomic model was established for this purpose. The model's dependent variable is a dummy variable representing the financial crises of November 2000 and February 2001, which occurred in Turkey within the study period, while foreign exchange rate, money supply, growth rate, interest rate, the ISE index, and inflation rate were taken as the independent variables. Model parameters were estimated using the logit model. The logit model has been successful in identifying the explanatory variables for crises in periods involving real-life crisis experiences and in calculating the probability of crises to happen.
Recent Economic Experience and the Search for New Guidelines Macro-Monetary Relationships in the Caribbean: An Eclectic Review of the Literature Trade and Economic Growth in Small Developing Economies: Research on the Caribbean Capital Movements: The Experience of Commonwealth Caribbean Countries 1970-1984 Assessing the Level of Interest Rates in Less Developed Countries Monetary and Credit Policies in the Bahamas since 1974 Monetary and Fiscal Policy in Barbardos, 1970-1985 Review of Monetary and Credit Policies in Belize, 1976-1986 Monetary Policy in Guyana, 1974-1985 A Review of Monetary Policy in the Jamaican Economy, 1980-1985 An Assessment of Monetary and Credit Policies in the OECS Region, 1975-1985 Monetary Policy in Trinidad & Tobago, 1974-1985 A Monetary Research Agenda for the Future References Bibliography Index